Post Utme Rsu 2019 Economics Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice

Question 33 POST_UTME_RSU • 2019 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. What is the consumer's optimal bundle of x and y?

Correct Answer A. x = 10, y = 20

B. x = 20, y = 10

C. x = 30, y = 15

D. x = 15, y = 30

Correct Answer

Correct Option:

x = 10, y = 20

This is Post Utme Rsu 2019 Economics Question 33. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support