Post Utme Oau 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Oau Economics examination.

Post Utme Oau 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_OAU • 2018 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of goods x and y are ₦5 and ₦10 respectively, 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 35. It is one of the objective questions from the 2018 Post Utme Oau Economics examination.

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