Post Utme Osustech 2019 Economics Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Osustech Economics examination.

Post Utme Osustech 2019 Economics Objective / Multiple Choice
Question 29 POST_UTME_OSUSTECH • 2019 • ECONOMICS • objective

A consumer's utility function is given by U = 2X + 3Y. If the consumer has a budget of ₦100 and the prices of X and Y are ₦20 and ₦30 respectively, what is the consumer's optimal bundle?

Answer Options

A. X = 2, Y = 2
Correct Answer B. X = 3, Y = 1
C. X = 4, Y = 0
D. X = 0, Y = 3
Correct Answer
B
Correct Option:
X = 3, Y = 1

About This Question

This is Post Utme Osustech 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.

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