Post Utme Unn 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Unn Economics examination.

Post Utme Unn 2017 Economics Objective / Multiple Choice
Question 17 POST_UTME_UNN • 2017 • 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, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (200, 100)
B. (150, 150)
C. (100, 200)
D. (50, 250)
Correct Answer
A
Correct Option:
(200, 100)

About This Question

This is Post Utme Unn 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Unn Economics examination.

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