Post Utme Coal City University 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice

Question 39 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • 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 10x + 5y = 50, what is the consumer's optimal bundle of goods?

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 Coal City University 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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