Post Utme Unilorin 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2022 Economics Objective / Multiple Choice

Question 27 POST_UTME_UNILORIN • 2022 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦50 and ₦75 respectively, find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 20, y = 2

Correct Answer

Correct Option:

x = 10, y = 5

About This Question

This is Post Utme Unilorin 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Unilorin Economics examination.

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