Post Utme Nile University 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Nile University 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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