Post Utme Afe Babalola University 2017 Economics Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice
Question 13 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. The consumer's budget constraint is 2x + 3y = 30. What is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 10, y = 5
B. x = 8, y = 6
C. x = 6, y = 8
D. x = 4, y = 10
Correct Answer
A
Correct Option:
x = 10, y = 5

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 13. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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