Post Utme Abu 2018 Commerce Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Abu Commerce examination.

Post Utme Abu 2018 Commerce Objective / Multiple Choice
Question 28 POST_UTME_ABU • 2018 • COMMERCE • objective

A consumer has a budget of ₦1000 and faces the following price schedule: x = 10 + 2y. If the consumer's utility function is given by U(x,y) = 2x + 3y, find the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. (x,y) = (20, 400)
B. (x,y) = (30, 350)
C. (x,y) = (40, 300)
D. (x,y) = (50, 250)
Correct Answer
A
Correct Option:
(x,y) = (20, 400)

About This Question

This is Post Utme Abu 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Abu Commerce examination.

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