Post Utme Christopher University 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2025 Economics Objective / Multiple Choice
Question 30 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has the following utility function: U(x,y) = 2x + 3y. If the prices of x and y are P_x = 4 and P_y = 6, respectively, and the consumer's income is I = 100, calculate the optimal quantities of x and y u\sing the budget constraint.

Answer Options

Correct Answer A. \( x^* = 10, y^* = 5 \)
B. \( x^* = 5, y^* = 10 \)
C. \( x^* = 15, y^* = 3 \)
D. \( x^* = 20, y^* = 2 \)
Correct Answer
A
Correct Option:
\( x^* = 10, y^* = 5 \)

About This Question

This is Post Utme Christopher University 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Christopher University Economics examination.

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