Post Utme Babcock University 2024 Economics Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice

Question 9 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 1000. If the consumer's utility function is U = 2x + 3y, find the optimal quantities of x and y.

Answer Options

Correct Answer A. x = 200, y = 200

B. x = 150, y = 250

C. x = 100, y = 300

D. x = 50, y = 350

Correct Answer

Correct Option:

x = 200, y = 200

About This Question

This is Post Utme Babcock University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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