Post Utme Abu 2018 Economics Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Abu Economics examination.

Post Utme Abu 2018 Economics Objective / Multiple Choice

Question 30 POST_UTME_ABU • 2018 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. The prices of the goods are ₦10 and ₦20 respectively. The consumer's budget constraint is 100 = 10x + 20y. What is the consumer's optimal bundle of goods?

Correct Answer A. x = 5, y = 2

B. x = 4, y = 3

C. x = 3, y = 4

D. x = 2, y = 5

Correct Answer

Correct Option:

x = 5, y = 2

This is Post Utme Abu 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.

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