Post Utme Uniosun 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2023 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNIOSUN • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where U is the utility and x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what will be the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 40, y = 20
B. x = 30, y = 30
C. x = 20, y = 40
D. x = 10, y = 50
Correct Answer
A
Correct Option:
x = 40, y = 20

About This Question

This is Post Utme Uniosun 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Uniosun Economics examination.

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