Post Utme Uniosun 2024 Economics Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2024 Economics Objective / Multiple Choice
Question 18 POST_UTME_UNIOSUN • 2024 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 2, y = 1
B. x = 3, y = 2
C. x = 4, y = 3
D. x = 5, y = 4
Correct Answer
A
Correct Option:
x = 2, y = 1

About This Question

This is Post Utme Uniosun 2024 Economics Question 18. It is one of the objective questions from the 2024 Post Utme Uniosun Economics examination.

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