Post Utme Achievers University 2023 Economics Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 8 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = 30. Determine the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. (5, 10)
B. (10, 5)
C. (15, 0)
D. (0, 15)
Correct Answer
A
Correct Option:
(5, 10)

About This Question

This is Post Utme Achievers University 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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