Post Utme Bells University 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Bells University Economics examination.

Post Utme Bells University 2021 Economics Objective / Multiple Choice
Question 18 POST_UTME_BELLS_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer has the following utility function: \( U = 2x + 3y \), where (x) and (y) are the quantities of two goods consumed. If the prices of the two goods are \( P_x = 2 \) and \( P_y = 3 \), and the consumer's income is \( I = 100 \), what is the consumer's optimal bundle of goods?

Answer Options

A. \( x = 20, y = 10 \)
Correct Answer B. \( x = 15, y = 15 \)
C. \( x = 10, y = 20 \)
D. \( x = 5, y = 25 \)
Correct Answer
B
Correct Option:
\( x = 15, y = 15 \)

About This Question

This is Post Utme Bells University 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Bells University Economics examination.

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