Post Utme Osustech 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Osustech Economics examination.

Post Utme Osustech 2021 Economics Objective / Multiple Choice

Question 18 POST_UTME_OSUSTECH • 2021 • ECONOMICS • objective

A consumer is faced with the following utility function: U(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦2 and ₦3 respectively, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. x = 200, y = 150

B. x = 150, y = 200

C. x = 100, y = 300

D. x = 300, y = 100

Correct Answer

Correct Option:

x = 200, y = 150

About This Question

This is Post Utme Osustech 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Osustech Economics examination.

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