Post Utme Joseph Ayo Babalola University 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 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. (20, 0)
Correct Answer B. (10, 10)
C. (0, 20)
D. (5, 15)
Correct Answer
B
Correct Option:
(10, 10)

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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