Post Utme Ksu 2021 Economics Question 3

Practice objective / multiple choice question 3 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice

Question 3 POST_UTME_KSU • 2021 • ECONOMICS • objective

A consumer is faced with the following utility function: U(x, y) = 2x + 3y. The consumer's income is ₦1000, and the prices of x and y are ₦5 and ₦10, respectively. What is the consumer's optimal bundle of x and y?

Correct Answer A. x = 20, y = 10

B. x = 15, y = 5

C. x = 10, y = 20

D. x = 5, y = 15

Correct Answer

Correct Option:

x = 20, y = 10

This is Post Utme Ksu 2021 Economics Question 3. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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