Post Utme Osustech 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

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

Answer Options

A. x = 100, y = 100
Correct Answer B. x = 150, y = 50
C. x = 200, y = 0
D. x = 0, y = 333
Correct Answer
B
Correct Option:
x = 150, y = 50

About This Question

This is Post Utme Osustech 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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