Post Utme Osustech 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice
Question 10 POST_UTME_OSUSTECH • 2017 • 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, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (20, 10)
B. (15, 5)
C. (10, 2)
D. (5, 1)
Correct Answer
A
Correct Option:
(20, 10)

About This Question

This is Post Utme Osustech 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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