Post Utme Ksu 2017 Economics Question 36

Practice objective / multiple choice question 36 from the 2017 Post Utme Ksu Economics examination.

Post Utme Ksu 2017 Economics Objective / Multiple Choice

Question 36 POST_UTME_KSU • 2017 • ECONOMICS • objective

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

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 3, y = 15

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Ksu 2017 Economics Question 36. It is one of the objective questions from the 2017 Post Utme Ksu Economics examination.

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