Post Utme Afe Babalola University 2017 Economics Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2017 Economics Objective / Multiple Choice
Question 35 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • ECONOMICS • objective

A firm's budget constraint is given by 2x + 3y = 100, where x and y are the quantities of two goods. If the firm's indifference curve is given by u(x, y) = 2x + 3y, find the optimal values of x and y.

Answer Options

A. x = 20, y = 30
Correct Answer B. x = 30, y = 20
C. x = 40, y = 10
D. x = 10, y = 40
Correct Answer
B
Correct Option:
x = 30, y = 20

About This Question

This is Post Utme Afe Babalola University 2017 Economics Question 35. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.

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