Post Utme Unn 2019 Economics Question 8

Practice objective / multiple choice question 8 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 8 POST_UTME_UNN • 2019 • ECONOMICS • objective

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

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 2019 Economics Question 8. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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