Post Utme Ksu 2018 Economics Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice
Question 12 POST_UTME_KSU • 2018 • ECONOMICS • objective

A consumer's utility function is given by U(x,y) = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦2 and ₦3 respectively, what is the consumer's optimal bundle of goods?

Answer Options

A. (10, 10)
B. (20, 5)
Correct Answer C. (15, 15)
D. (5, 20)
Correct Answer
C
Correct Option:
(15, 15)

About This Question

This is Post Utme Ksu 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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