Post Utme Wellspring University 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2025 Economics Objective / Multiple Choice

Question 22 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, calculate the consumer's optimal bundle of x and y.

Answer Options

A. x = 100, y = 200

B. x = 200, y = 100

Correct Answer C. x = 150, y = 150

D. x = 50, y = 250

Correct Answer

Correct Option:

x = 150, y = 150

About This Question

This is Post Utme Wellspring University 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.

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