Post Utme Oau 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice

Question 35 POST_UTME_OAU • 2017 • ECONOMICS • objective

A consumer's utility function is given by the equation U(x, y) = 2x + 3y, where x is the number of units of good X and y is the number of units of good Y. If the consumer's budget is ₦1000 and the prices of good X and good Y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Correct Answer A. 20 units of X, 10 units of Y

B. 30 units of X, 5 units of Y

C. 40 units of X, 0 units of Y

D. 0 units of X, 20 units of Y

Correct Answer

Correct Option:

20 units of X, 10 units of Y

This is Post Utme Oau 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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