Post Utme Osustech 2017 Economics Question 33

Practice objective / multiple choice question 33 from the 2017 Post Utme Osustech Economics examination.

Post Utme Osustech 2017 Economics Objective / Multiple Choice

Question 33 POST_UTME_OSUSTECH • 2017 • ECONOMICS • objective

A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦10 and ₦20 respectively, and the consumer has a budget of ₦100, what is the optimal consumption bundle?

Answer Options

A. x = 5, y = 2

Correct Answer B. x = 3, y = 4

C. x = 2, y = 5

D. x = 0, y = 5

Correct Answer

Correct Option:

x = 3, y = 4

About This Question

This is Post Utme Osustech 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.

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