Post Utme Unn 2019 Economics Question 27

Practice objective / multiple choice question 27 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice

Question 27 POST_UTME_UNN • 2019 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y. The prices of x and y are $2 and $3 respectively. Find the consumer's optimal bundle of x and y.

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 3, y = 15

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Unn 2019 Economics Question 27. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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