Post Utme Uniport 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Uniport Economics examination.

Post Utme Uniport 2021 Economics Objective / Multiple Choice

Question 18 POST_UTME_UNIPORT • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦20 and ₦30 respectively, find the optimal consumption bundle.

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

Correct Option:

x = 2, y = 1

About This Question

This is Post Utme Uniport 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Uniport Economics examination.

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