Post Utme Aaua 2017 Commerce Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Aaua Commerce examination.

Post Utme Aaua 2017 Commerce Objective / Multiple Choice

Question 35 POST_UTME_AAUA • 2017 • COMMERCE • objective

A consumer has a utility function U = 2X + 3Y. If the consumer's income is 100 and the prices of X and Y are 10 and 20 respectively, what is the consumer's optimal consumption bundle?

A. X = 10, Y = 0

B. X = 0, Y = 5

Correct Answer C. X = 5, Y = 2.5

D. X = 2.5, Y = 5

Correct Answer

Correct Option:

X = 5, Y = 2.5

This is Post Utme Aaua 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Aaua Commerce examination.

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