Post Utme Ims U 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Ims U Economics examination.

Post Utme Ims U 2019 Economics Objective / Multiple Choice
Question 32 POST_UTME_IMS_U • 2019 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦5 and ₦10, respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 5, y = 5
Correct Answer B. x = 10, y = 5
C. x = 5, y = 10
D. x = 10, y = 10
Correct Answer
B
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Ims U 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Ims U Economics examination.

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