Post Utme Ui 2023 Economics Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Ui Economics examination.

Post Utme Ui 2023 Economics Objective / Multiple Choice
Question 7 POST_UTME_UI • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦20 and ₦30 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 2, y = 1
B. x = 1, y = 2
C. x = 3, y = 0
D. x = 0, y = 3
Correct Answer
A
Correct Option:
x = 2, y = 1

About This Question

This is Post Utme Ui 2023 Economics Question 7. It is one of the objective questions from the 2023 Post Utme Ui Economics examination.

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