Post Utme Nile University 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice

Question 22 POST_UTME_NILE_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a utility function U(x, y) = 2x + 3y. If the prices of x and y are $2 and $3 respectively, and the consumer has a budget of $15, determine the optimal quantities of x and y to consume.

Answer Options

Correct Answer A. x = 3, y = 2

B. x = 2, y = 3

C. x = 1, y = 4

D. x = 4, y = 1

Correct Answer

Correct Option:

x = 3, y = 2

About This Question

This is Post Utme Nile University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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