Post Utme Bsu 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Bsu Economics examination.

Post Utme Bsu 2023 Economics Objective / Multiple Choice

Question 23 POST_UTME_BSU • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's budget constraint is 10x + 5y = 50, what is the consumer's optimal bundle of goods?

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 3, y = 3

D. x = 1, y = 1

Correct Answer

Correct Option:

x = 2, y = 4

This is Post Utme Bsu 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Bsu Economics examination.

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