Post Utme Bsu 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice

Question 3 POST_UTME_BSU • 2020 • ECONOMICS • objective

A consumer's budget constraint is given by 2Y + 3X = 100. The consumer's utility function is U = 2Y + X. What is the consumer's optimal bundle of Y and X?

Correct Answer A. Y = 20, X = 10

B. Y = 30, X = 5

C. Y = 40, X = 0

D. Y = 0, X = 50

Correct Answer

Correct Option:

Y = 20, X = 10

This is Post Utme Bsu 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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