Post Utme Lautech 2019 Economics Question 34

Practice objective / multiple choice question 34 from the 2019 Post Utme Lautech Economics examination.

Post Utme Lautech 2019 Economics Objective / Multiple Choice
Question 34 POST_UTME_LAUTECH • 2019 • ECONOMICS • objective

A consumer's utility function is given by U(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal level of x?

Answer Options

Correct Answer A. ₦200
B. ₦300
C. ₦400
D. ₦500
Correct Answer
A
Correct Option:
₦200

About This Question

This is Post Utme Lautech 2019 Economics Question 34. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.

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