Post Utme Bowen University 2017 Economics Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2017 Economics Objective / Multiple Choice
Question 18 POST_UTME_BOWEN_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = 30. Find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 5, y = 5
B. x = 10, y = 0
C. x = 0, y = 10
D. x = 5, y = 10
Correct Answer
A
Correct Option:
x = 5, y = 5

About This Question

This is Post Utme Bowen University 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Bowen University Economics examination.

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