Post Utme Uniben 2017 Economics Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Uniben Economics examination.

Post Utme Uniben 2017 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNIBEN • 2017 • ECONOMICS • objective

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

Answer Options

A. (10,0)
Correct Answer B. (5,5)
C. (0,10)
D. (15,0)
Correct Answer
B
Correct Option:
(5,5)

About This Question

This is Post Utme Uniben 2017 Economics Question 12. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.

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