Post Utme Uniben 2021 Economics Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Uniben Economics examination.

Post Utme Uniben 2021 Economics Objective / Multiple Choice

Question 39 POST_UTME_UNIBEN • 2021 • ECONOMICS • objective

A consumer has a utility function of U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦10 respectively, and the consumer has a budget of ₦50, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. x = 5 units, y = 2 units

B. x = 10 units, y = 1 unit

C. x = 15 units, y = 0 units

D. x = 0 units, y = 5 units

Correct Answer

Correct Option:

x = 5 units, y = 2 units

About This Question

This is Post Utme Uniben 2021 Economics Question 39. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.

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