Post Utme Unn 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice

Question 35 POST_UTME_UNN • 2023 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer has a budget of ₦1,000 and the prices of x and y are ₦50 and ₦20 respectively, what is the optimal bundle of x and y?

A. x = 10, y = 20

Correct Answer B. x = 15, y = 25

C. x = 20, y = 30

D. x = 25, y = 35

Correct Answer

Correct Option:

x = 15, y = 25

This is Post Utme Unn 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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