Post Utme Ksu 2019 Economics Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 39 POST_UTME_KSU • 2019 • ECONOMICS • objective

A consumer in Nigeria has a budget of ₦100,000 per month. The consumer's utility function is given by U(x, y) = 2x + 3y, where x is the number of units of good X and y is the number of units of good Y. If the price of good X is ₦50 per unit and the price of good Y is ₦60 per unit, how many units of good X should the consumer buy?

Answer Options

A. 10 units
B. 20 units
Correct Answer C. 30 units
D. 40 units
Correct Answer
C
Correct Option:
30 units

About This Question

This is Post Utme Ksu 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support