Post Utme Bells University 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Bells University Economics examination.

Post Utme Bells University 2023 Economics Objective / Multiple Choice
Question 18 POST_UTME_BELLS_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 3x + 2y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by 3x + 2y = $100, what is the consumer's optimal bundle of goods?

Answer Options

A. x = 20, y = 10
Correct Answer B. x = 30, y = 20
C. x = 40, y = 30
D. x = 50, y = 40
Correct Answer
B
Correct Option:
x = 30, y = 20

About This Question

This is Post Utme Bells University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Bells University Economics examination.

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