Post Utme Ksu 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Ksu Economics examination.

Post Utme Ksu 2023 Economics Objective / Multiple Choice

Question 17 POST_UTME_KSU • 2023 • 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 consumed. 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?

A. x = 200, y = 100

Correct Answer B. x = 150, y = 150

C. x = 100, y = 200

D. x = 200, y = 200

Correct Answer

Correct Option:

x = 150, y = 150

This is Post Utme Ksu 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Ksu Economics examination.

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