Post Utme Aaua 2024 Economics Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 16 POST_UTME_AAUA • 2024 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's budget constraint is 10x + 20y = 100, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. x = 2, y = 3
B. x = 3, y = 2
C. x = 4, y = 1
D. x = 1, y = 4
Correct Answer
A
Correct Option:
x = 2, y = 3

About This Question

This is Post Utme Aaua 2024 Economics Question 16. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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