Post Utme Ksu 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice

Question 3 POST_UTME_KSU • 2020 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the goods are ₦10 and ₦20 respectively, and the consumer has a budget of ₦100, what is the optimal bundle?

A. x = 5, y = 3

B. x = 3, y = 5

Correct Answer C. x = 4, y = 4

D. x = 6, y = 2

Correct Answer

Correct Option:

x = 4, y = 4

This is Post Utme Ksu 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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