Post Utme Osustech 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Osustech Economics examination.

Post Utme Osustech 2024 Economics Objective / Multiple Choice
Question 32 POST_UTME_OSUSTECH • 2024 • ECONOMICS • objective

A consumer has a budget constraint of ₦100 and a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦10 respectively, what is the optimal bundle of x and y that the consumer will choose?

Answer Options

A. (10,0)
Correct Answer B. (5,5)
C. (0,10)
D. (15,0)
Correct Answer
B
Correct Option:
(5,5)

About This Question

This is Post Utme Osustech 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Osustech Economics examination.

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