Post Utme Abu 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Abu Economics examination.

Post Utme Abu 2019 Economics Objective / Multiple Choice

Question 18 POST_UTME_ABU • 2019 • ECONOMICS • objective

A consumer has the following utility function: U = 2X + 3Y, where X and Y are the quantities of two goods consumed. The prices of the two goods are $2 and $3, respectively. The consumer's income is $20. What is the consumer's optimal consumption bundle?

Correct Answer A. X = 4, Y = 2

B. X = 2, Y = 4

C. X = 3, Y = 3

D. X = 1, Y = 1

Correct Answer

Correct Option:

X = 4, Y = 2

This is Post Utme Abu 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Abu Economics examination.

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