Post Utme Uniosun 2021 Economics Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNIOSUN • 2021 • ECONOMICS • objective

A consumer has a utility function U(x, y) = 2x + 3y. If the prices of x and y are $2 and $3 respectively, and the consumer has a budget of $15, find the optimal consumption bundle.

Answer Options

Correct Answer A. x = 3, y = 2
B. x = 2, y = 3
C. x = 4, y = 1
D. x = 1, y = 4
Correct Answer
A
Correct Option:
x = 3, y = 2

About This Question

This is Post Utme Uniosun 2021 Economics Question 36. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

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