Post Utme Aaua 2021 Economics Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Aaua Economics examination.

Post Utme Aaua 2021 Economics Objective / Multiple Choice

Question 7 POST_UTME_AAUA • 2021 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. The budget constraint is given by 2x + 3y = 100. Find the consumer's optimal bundle of goods.

Correct Answer A. x = 20, y = 10

B. x = 15, y = 20

C. x = 10, y = 30

D. x = 25, y = 15

Correct Answer

Correct Option:

x = 20, y = 10

This is Post Utme Aaua 2021 Economics Question 7. It is one of the objective questions from the 2021 Post Utme Aaua Economics examination.

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