Post Utme Unn 2019 Economics Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice

Question 37 POST_UTME_UNN • 2019 • ECONOMICS • objective

A consumer's utility function is given by $ U = 2x + 3y $, where ( x ) and ( y ) are the quantities of two goods consumed. If the consumer's income is $100 and the prices of the two goods are $5 and $10 respectively, what is the consumer's optimal bundle of goods?

A. $ x = 10, y = 5 $

Correct Answer B. $ x = 15, y = 3 $

C. $ x = 20, y = 2 $

D. $ x = 25, y = 1 $

Correct Answer

Correct Option:

$ x = 15, y = 3 $

This is Post Utme Unn 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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