Post Utme Aaua 2020 Economics Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Aaua Economics examination.

Post Utme Aaua 2020 Economics Objective / Multiple Choice
Question 35 POST_UTME_AAUA • 2020 • 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 prices of the two goods are $2 and $3 respectively, and the consumer's income is $10, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (2, 2)
B. (3, 1)
C. (4, 0)
D. (0, 4)
Correct Answer
A
Correct Option:
(2, 2)

About This Question

This is Post Utme Aaua 2020 Economics Question 35. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support