Post Utme Abu 2021 Economics Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Abu Economics examination.

Post Utme Abu 2021 Economics Objective / Multiple Choice
Question 15 POST_UTME_ABU • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 2, y = 1
B. x = 1, y = 2
C. x = 3, y = 0
D. x = 0, y = 3
Correct Answer
A
Correct Option:
x = 2, y = 1

About This Question

This is Post Utme Abu 2021 Economics Question 15. It is one of the objective questions from the 2021 Post Utme Abu Economics examination.

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