Post Utme Oau 2021 Economics Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Oau Economics examination.

Post Utme Oau 2021 Economics Objective / Multiple Choice

Question 13 POST_UTME_OAU • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer has a budget of ₦100 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 0

D. x = 0, y = 15

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Oau 2021 Economics Question 13. It is one of the objective questions from the 2021 Post Utme Oau Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support