Post Utme Nile University 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 3 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is $100 and the prices of x and y are $5 and $10 respectively, what is the consumer's optimal bundle?

Answer Options

A. (10, 10)
Correct Answer B. (15, 5)
C. (20, 0)
D. (0, 20)
Correct Answer
B
Correct Option:
(15, 5)

About This Question

This is Post Utme Nile University 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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