Post Utme Babcock University 2018 Commerce Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice

Question 23 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

C. x = 30,000, y = 40,000

D. x = 35,000, y = 45,000

Correct Answer

N/A

About This Question

This is Post Utme Babcock University 2018 Commerce Question 23. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

View More Post Utme Babcock University 2018 Commerce Questions More Post Utme Babcock University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support