Post Utme Nile University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

A. x = 10, y = 5
Correct Answer B. x = 15, y = 3
C. x = 20, y = 2
D. x = 25, y = 1
Correct Answer
B
Correct Option:
x = 15, y = 3

About This Question

This is Post Utme Nile University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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