Post Utme Uniben 2020 Economics Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Uniben Economics examination.

Post Utme Uniben 2020 Economics Objective / Multiple Choice

Question 2 POST_UTME_UNIBEN • 2020 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 100, y = 50

B. x = 80, y = 60

C. x = 60, y = 70

D. x = 40, y = 80

Correct Answer

Correct Option:

x = 100, y = 50

About This Question

This is Post Utme Uniben 2020 Economics Question 2. It is one of the objective questions from the 2020 Post Utme Uniben Economics examination.

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