Post Utme Nile University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Nile University Economics examination.

Post Utme Nile University 2025 Economics Objective / Multiple Choice
Question 38 POST_UTME_NILE_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has the following utility function: U(x, y) = 2x + 3y. The prices of x and y are p_x = 10 and p_y = 20, respectively. If the consumer's income is I = 100, determine the consumer's optimal consumption bundle (x, y).

Answer Options

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

About This Question

This is Post Utme Nile University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Nile University Economics examination.

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