Post Utme Uniben 2022 Commerce Question 20

Practice objective / multiple choice question 20 from the 2022 Post Utme Uniben Commerce examination.

Post Utme Uniben 2022 Commerce Objective / Multiple Choice
Question 20 POST_UTME_UNIBEN • 2022 • COMMERCE • objective

A consumer has a utility function U(X,Y) = 2X + 3Y. If the prices of X and Y are ₦200 and ₦300, respectively, and the consumer's income is ₦1,000, what is the consumer's optimal bundle of X and Y?

Answer Options

Correct Answer A. X = 2, Y = 1
B. X = 3, Y = 2
C. X = 4, Y = 3
D. X = 5, Y = 4
Correct Answer
A
Correct Option:
X = 2, Y = 1

About This Question

This is Post Utme Uniben 2022 Commerce Question 20. It is one of the objective questions from the 2022 Post Utme Uniben Commerce examination.

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