Post Utme Abu 2022 Economics Question 3

Practice objective / multiple choice question 3 from the 2022 Post Utme Abu Economics examination.

Post Utme Abu 2022 Economics Objective / Multiple Choice

Question 3 POST_UTME_ABU • 2022 • ECONOMICS • objective

A consumer has a utility function U(x, y) = 2x + 3y. Determine the consumer's optimal bundle of x and y, given a budget constraint of 100.

Correct Answer A. x = 20, y = 30

B. x = 30, y = 20

C. x = 40, y = 10

D. x = 50, y = 0

Correct Answer

Correct Option:

x = 20, y = 30

This is Post Utme Abu 2022 Economics Question 3. It is one of the objective questions from the 2022 Post Utme Abu Economics examination.

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