Post Utme Unn 2023 Economics Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Unn Economics examination.

Post Utme Unn 2023 Economics Objective / Multiple Choice

Question 40 POST_UTME_UNN • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦100 and the prices of the two goods are ₦10 and ₦20 respectively, what is the consumer's optimal bundle of goods?

Correct Answer A. x = 5, y = 3

B. x = 3, y = 5

C. x = 2, y = 4

D. x = 4, y = 2

Correct Answer

Correct Option:

x = 5, y = 3

This is Post Utme Unn 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Unn Economics examination.

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