Post Utme Noun 2020 Economics Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Noun Economics examination.

Post Utme Noun 2020 Economics Objective / Multiple Choice

Question 18 POST_UTME_NOUN • 2020 • ECONOMICS • objective

A consumer's utility function is given by ( U(x,y) = 2x + 3y ). If the prices of x and y are ₦5 and ₦3 respectively, find the consumer's optimal bundle of x and y.

Correct Answer A. x=10, y=5

B. x=5, y=10

C. x=15, y=10

D. x=10, y=15

Correct Answer

Correct Option:

x=10, y=5

This is Post Utme Noun 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Noun Economics examination.

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