Post Utme Christopher University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • 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.

Answer Options

Correct Answer A. x = 20, y = 30
B. x = 30, y = 20
C. x = 25, y = 25
D. x = 15, y = 35
Correct Answer
A
Correct Option:
x = 20, y = 30

About This Question

This is Post Utme Christopher University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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