Post Utme Bowen University 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2024 Economics Objective / Multiple Choice

Question 33 POST_UTME_BOWEN_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer is faced with the following utility function: U(x,y) = 2x + 3y. If the consumer's budget constraint is 100, and the prices of x and y are 5 and 10 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 10, y = 0

Correct Answer B. x = 20, y = 10

C. x = 0, y = 10

D. x = 15, y = 5

Correct Answer

Correct Option:

x = 20, y = 10

About This Question

This is Post Utme Bowen University 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Bowen University Economics examination.

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