Post Utme Caleb University 2018 Economics Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 8 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by 2x + 3y = ₦100, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 20, y = 10
B. x = 10, y = 20
C. x = 15, y = 15
D. x = 25, y = 5
Correct Answer
A
Correct Option:
x = 20, y = 10

About This Question

This is Post Utme Caleb University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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