Post Utme Unilag 2025 Economics Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Unilag Economics examination.

Post Utme Unilag 2025 Economics Objective / Multiple Choice
Question 28 POST_UTME_UNILAG • 2025 • ECONOMICS • objective

A consumer has a utility function of U(x, y) = 2x^2 + 3y^2, where x and y are the quantities of two goods consumed. If the consumer has a budget of ₦100 and the prices of the two goods are ₦10 and ₦20 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (10, 5)
B. (15, 3)
C. (20, 2)
D. (25, 1)
Correct Answer
A
Correct Option:
(10, 5)

About This Question

This is Post Utme Unilag 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.

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