Post Utme Noun 2025 Economics Question 40

Practice objective / multiple choice question 40 from the 2025 Post Utme Noun Economics examination.

Post Utme Noun 2025 Economics Objective / Multiple Choice

Question 40 POST_UTME_NOUN • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are $2 and $3, respectively, and the consumer's income is $20, what is the optimal bundle of goods?

Correct Answer A. x = 4, y = 2

B. x = 3, y = 3

C. x = 2, y = 4

D. x = 1, y = 5

Correct Answer

Correct Option:

x = 4, y = 2

This is Post Utme Noun 2025 Economics Question 40. It is one of the objective questions from the 2025 Post Utme Noun Economics examination.

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