Post Utme Christopher University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice

Question 23 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 50, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 5, y = 3

D. x = 3, y = 5

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Christopher University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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