Post Utme Oau 2018 Economics Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 33 POST_UTME_OAU • 2018 • ECONOMICS • objective

A consumer has an income of ₦1000 and faces the following budget constraint: 2x + 3y = 1000. If the price of good x is ₦5 and the price of good y is ₦10, what is the consumer's optimal bundle of goods?

Answer Options

A. x = 50, y = 100
B. x = 100, y = 50
Correct Answer C. x = 150, y = 25
D. x = 200, y = 0
Correct Answer
C
Correct Option:
x = 150, y = 25

About This Question

This is Post Utme Oau 2018 Economics Question 33. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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