Post Utme Ui 2021 Commerce Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Ui Commerce examination.

Post Utme Ui 2021 Commerce Objective / Multiple Choice
Question 34 POST_UTME_UI • 2021 • COMMERCE • objective

A consumer has a budget of ₦1000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. The prices of the goods are given by p_x = ₦200 and p_y = ₦300. What is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 2, y = 1
B. x = 3, y = 2
C. x = 4, y = 3
D. x = 5, y = 4
Correct Answer
A
Correct Option:
x = 2, y = 1

About This Question

This is Post Utme Ui 2021 Commerce Question 34. It is one of the objective questions from the 2021 Post Utme Ui Commerce examination.

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