Post Utme Uniben 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNIBEN • 2021 • 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 ₦3 respectively, what is the consumer's optimal bundle?

Answer Options

A. (10,20)
Correct Answer B. (15,15)
C. (20,10)
D. (25,5)
Correct Answer
B
Correct Option:
(15,15)

About This Question

This is Post Utme Uniben 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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