Post Utme Unn 2022 Economics Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Unn Economics examination.

Post Utme Unn 2022 Economics Objective / Multiple Choice
Question 36 POST_UTME_UNN • 2022 • ECONOMICS • objective

A consumer has a utility function given by U = 2X + 3Y, where X and Y are the quantities of two goods consumed. If the consumer's income is ₦10,000 and the prices of the two goods are ₦2,000 and ₦3,000 per unit, respectively, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. X = 2 units, Y = 3 units
B. X = 3 units, Y = 2 units
C. X = 4 units, Y = 1 unit
D. X = 1 unit, Y = 4 units
Correct Answer
A
Correct Option:
X = 2 units, Y = 3 units

About This Question

This is Post Utme Unn 2022 Economics Question 36. It is one of the objective questions from the 2022 Post Utme Unn Economics examination.

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