Post Utme Nile University 2025 Economics Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice
Question 2 POST_UTME_NILE_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 ₦2 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 100, y = 200
B. x = 200, y = 100
Correct Answer C. x = 150, y = 150
D. x = 50, y = 300
Correct Answer
C
Correct Option:
x = 150, y = 150

About This Question

This is Post Utme Nile University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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