Post Utme Lasu 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Lasu Economics examination.

Post Utme Lasu 2022 Economics Objective / Multiple Choice

Question 35 POST_UTME_LASU • 2022 • ECONOMICS • objective

A consumer has an income of ₦500 and faces the following budget constraint: \( x + 2y = 500 \). 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=200, y=100

Correct Answer B. x=150, y=150

C. x=100, y=200

D. x=50, y=250

Correct Answer

Correct Option:

x=150, y=150

This is Post Utme Lasu 2022 Economics Question 35. It is one of the objective questions from the 2022 Post Utme Lasu Economics examination.

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