Post Utme Unn 2022 Economics Question 2

Practice objective / multiple choice question 2 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice

Question 2 POST_UTME_UNN • 2022 • 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 ₦20 and ₦30 respectively, determine the optimal quantities of x and y that the consumer will purchase.

Correct Answer A. x = 2, y = 1

B. x = 3, y = 2

C. x = 4, y = 3

D. x = 5, y = 4

Correct Answer

Correct Option:

x = 2, y = 1

This is Post Utme Unn 2022 Economics Question 2. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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