Post Utme Uniben 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice

Question 15 POST_UTME_UNIBEN • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer has a budget of ₦1000 and the prices of x and y are ₦200 and ₦300 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 2, y = 3

B. x = 3, y = 2

C. x = 4, y = 1

D. x = 1, y = 4

Correct Answer

Correct Option:

x = 2, y = 3

About This Question

This is Post Utme Uniben 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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