Post Utme Babcock University 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice
Question 38 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 2x + 3y = ₦100, what is the optimal consumption bundle?

Answer Options

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

About This Question

This is Post Utme Babcock University 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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