Post Utme Unn 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice

Question 10 POST_UTME_UNN • 2021 • ECONOMICS • objective

A consumer's utility function is given by U = x^2 + 2y^2. 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?

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 20, y = 2

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Unn 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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