Post Utme Bsu 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Bsu Economics examination.

Post Utme Bsu 2023 Economics Objective / Multiple Choice

Question 37 POST_UTME_BSU • 2023 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = ₦100. Find the consumer's optimal bundle of x and y.

Correct Answer A. \( x = 20, y = 30 \)

B. \( x = 30, y = 20 \)

C. \( x = 40, y = 10 \)

D. \( x = 10, y = 40 \)

Correct Answer

Correct Option:

\( x = 20, y = 30 \)

This is Post Utme Bsu 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Bsu Economics examination.

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