Post Utme Bowen University 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2025 Economics Objective / Multiple Choice
Question 31 POST_UTME_BOWEN_UNIVERSITY • 2025 • ECONOMICS • objective

Consider a consumer with a utility function U(x,y) = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 50, and the consumer's initial \endowment is (x0, y0) = (2, 3), what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. (5, 5)
B. (10, 0)
C. (0, 10)
D. (2, 3)
Correct Answer
A
Correct Option:
(5, 5)

About This Question

This is Post Utme Bowen University 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Bowen University Economics examination.

View More Post Utme Bowen University 2025 Economics Questions More Post Utme Bowen University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support