Post Utme Babcock University 2018 Commerce Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A consumer has a utility function u(x, y) = 2x + 3y and a budget constraint 2x + 3y = 100,000. Find the consumer's optimal consumption bundle.

Answer Options

A. x = 20,000, y = 30,000
B. x = 25,000, y = 35,000
Correct Answer C. x = 30,000, y = 40,000
D. x = 35,000, y = 45,000
Correct Answer
C
Correct Option:
x = 30,000, y = 40,000

About This Question

This is Post Utme Babcock University 2018 Commerce Question 19. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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