Post Utme Unn 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Unn Economics examination.

Post Utme Unn 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNN • 2018 • ECONOMICS • objective

A consumer has the following utility function: U(x, y) = 2x + 3y. The prices of x and y are ₦5 and ₦10, respectively. What is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. (10, 5)
B. (5, 10)
C. (15, 3)
D. (20, 2)
Correct Answer
A
Correct Option:
(10, 5)

About This Question

This is Post Utme Unn 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Unn Economics examination.

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