Post Utme Uniport 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Uniport Economics examination.

Post Utme Uniport 2025 Economics Objective / Multiple Choice

Question 7 POST_UTME_UNIPORT • 2025 • ECONOMICS • objective

A consumer has a budget constraint of ₦1000 and a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦10 respectively, what is the optimal bundle of x and y that the consumer will choose?

Answer Options

A. (x,y) = (100,0)

Correct Answer B. (x,y) = (80,20)

C. (x,y) = (60,40)

D. (x,y) = (40,60)

Correct Answer

Correct Option:

(x,y) = (80,20)

About This Question

This is Post Utme Uniport 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Uniport Economics examination.

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