Post Utme Rsu 2020 Economics Question 9

Practice objective / multiple choice question 9 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice

Question 9 POST_UTME_RSU • 2020 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces a price of ₦200 for good A and ₦300 for good B. If the consumer's utility function is given by ( u(x,y) = 2x + 3y ), find the consumer's optimal bundle of x and y.

Correct Answer A. \( x = 2, y = 3 \)

B. \( x = 3, y = 2 \)

C. \( x = 4, y = 1 \)

D. \( x = 1, y = 4 \)

Correct Answer

Correct Option:

\( x = 2, y = 3 \)

This is Post Utme Rsu 2020 Economics Question 9. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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