Post Utme Lead City University 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice

Question 40 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • 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 bundle of x and y?

Answer Options

A. (x,y) = (100,200)

B. (x,y) = (200,100)

Correct Answer C. (x,y) = (150,150)

D. (x,y) = (50,250)

Correct Answer

Correct Option:

(x,y) = (150,150)

About This Question

This is Post Utme Lead City University 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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