Post Utme Uniport 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, find the optimal bundle of x and y.

Answer Options

A. x = 20, y = 10
Correct Answer B. x = 15, y = 15
C. x = 10, y = 20
D. x = 5, y = 25
Correct Answer
B
Correct Option:
x = 15, y = 15

About This Question

This is Post Utme Uniport 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

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