Post Utme Rsu 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Rsu Economics examination.

Post Utme Rsu 2022 Economics Objective / Multiple Choice

Question 32 POST_UTME_RSU • 2022 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the prices of x and y are ₦5 and ₦10 respectively, and the consumer's budget is ₦100, what is the optimal level of consumption?

A. 10 units of x and 5 units of y

Correct Answer B. 15 units of x and 3 units of y

C. 20 units of x and 2 units of y

D. 25 units of x and 1 unit of y

Correct Answer

Correct Option:

15 units of x and 3 units of y

This is Post Utme Rsu 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Rsu Economics examination.

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