Post Utme Lasu 2022 Economics Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice

Question 33 POST_UTME_LASU • 2022 • ECONOMICS • objective

A consumer has an income of ₦1000 and faces the following budget constraint: \( 2x + 3y = 1000 \). If the price of good x is ₦5 and the price of good y is ₦3, what is the consumer's optimal bundle of goods?

A. x=100, y=200

B. x=150, y=150

Correct Answer C. x=200, y=100

D. x=250, y=50

Correct Answer

Correct Option:

x=200, y=100

This is Post Utme Lasu 2022 Economics Question 33. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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