Post Utme Rsu 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice
Question 17 POST_UTME_RSU • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer has a budget constraint of 100 and the prices of x and y are 5 and 3 respectively, what is the optimal bundle of x and y?

Answer Options

A. x = 10, y = 10
Correct Answer B. x = 15, y = 5
C. x = 20, y = 0
D. x = 0, y = 20
Correct Answer
B
Correct Option:
x = 15, y = 5

About This Question

This is Post Utme Rsu 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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