Post Utme Uniosun 2018 Economics Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2018 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIOSUN • 2018 • ECONOMICS • objective

A consumer's utility function is given by the equation U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is 100 and the prices of the two goods are 5 and 10 respectively, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 10, y = 5
B. x = 5, y = 10
C. x = 15, y = 3
D. x = 3, y = 15
Correct Answer
A
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Uniosun 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Uniosun Economics examination.

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