Post Utme Uniosun 2019 Commerce Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 29 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

A consumer has a utility function of U = 2x + 3y, where x is the quantity of good A and y is the quantity of good B. If the consumer's income is ₦1000 and the prices of the goods are ₦200 and ₦300 respectively, what is the consumer's optimal bundle of goods?

Answer Options

A. 1 unit of A, 2 units of B
Correct Answer B. 2 units of A, 1 unit of B
C. 3 units of A, 0 units of B
D. 0 units of A, 3 units of B
Correct Answer
B
Correct Option:
2 units of A, 1 unit of B

About This Question

This is Post Utme Uniosun 2019 Commerce Question 29. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

View More Post Utme Uniosun 2019 Commerce Questions More Post Utme Uniosun Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support