Post Utme Oau 2022 Economics Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice
Question 22 POST_UTME_OAU • 2022 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the consumer's optimal bundle.

Answer Options

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

About This Question

This is Post Utme Oau 2022 Economics Question 22. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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