Post Utme Unn 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNN • 2021 • ECONOMICS • objective

Consider a consumer with the following utility function: U = 2x + 3y. If the consumer's budget constraint is given by 2x + 3y = ₦100, and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

A. (10, 20)
B. (20, 10)
Correct Answer C. (15, 15)
D. (30, 5)
Correct Answer
C
Correct Option:
(15, 15)

About This Question

This is Post Utme Unn 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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