Post Utme Ui 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 37 POST_UTME_UI • 2018 • ECONOMICS • objective

A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦3 respectively, and the consumer has a budget of ₦20, find the optimal consumption bundle.

Answer Options

A. (4,4)
Correct Answer B. (6,2)
C. (8,0)
D. (0,6)
Correct Answer
B
Correct Option:
(6,2)

About This Question

This is Post Utme Ui 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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