Post Utme Achievers University 2023 Economics Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 35 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 100, where x and y are the quantities of two goods. If the consumer's utility function is given by U = x + 2y, what is the maximum utility the consumer can achieve?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Achievers University 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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