Post Utme Mountain Top University 2025 Economics Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice

Question 25 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a budget of ₦100 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. The prices of the goods are ₦10 and ₦20, respectively. What is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. x = 5, y = 2

B. x = 3, y = 4

C. x = 2, y = 5

D. x = 4, y = 3

Correct Answer

Correct Option:

x = 5, y = 2

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 25. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

View More Post Utme Mountain Top University 2025 Economics Questions More Post Utme Mountain Top University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support