Post Utme Unilorin 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice

Question 18 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. If the consumer's income is 100 and the prices of x and y are 5 and 10 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 0

D. x = 0, y = 15

Correct Answer

Correct Option:

x = 10, y = 5

About This Question

This is Post Utme Unilorin 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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