Post Utme Christopher University 2020 Economics Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 19 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A government is considering a policy to reduce inflation. The government's objective function is given by U(C, P) = 2C + 3P. The constraint is given by C + P = 10. Find the government's optimal policy.

Answer Options

Correct Answer A. C = 5, P = 5
B. C = 10, P = 0
C. C = 0, P = 10
D. C = 5, P = 5
Correct Answer
A
Correct Option:
C = 5, P = 5

About This Question

This is Post Utme Christopher University 2020 Economics Question 19. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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