Post Utme Oau 2024 Economics Question 46

Practice objective / multiple choice question 46 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice
Question 46 POST_UTME_OAU • 2024 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦120 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 15, y = 10
B. x = 10, y = 15
Correct Answer C. x = 20, y = 5
D. x = 5, y = 20
Correct Answer
C
Correct Option:
x = 20, y = 5

About This Question

This is Post Utme Oau 2024 Economics Question 46. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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