Post Utme Ui 2018 Economics Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice

Question 32 POST_UTME_UI • 2018 • ECONOMICS • objective

A consumer's utility function is given by U(x,y) = 2x + 3y. If the prices of x and y are $2 and $3, respectively, and the consumer has a budget of $15, what is the optimal bundle of x and y?

Correct Answer A. $ x = 3, y = 2 $

B. $ x = 2, y = 3 $

C. $ x = 4, y = 1 $

D. $ x = 1, y = 4 $

Correct Answer

Correct Option:

$ x = 3, y = 2 $

This is Post Utme Ui 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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