Post Utme Coal City University 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2019 Economics Objective / Multiple Choice

Question 10 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's utility function is given by U = x^(2) + 2y. The budget constraint is given by 2x + 3y = ₦100. Determine the optimal values of x and y.

Answer Options

Correct Answer A. x = 20, y = 10

B. x = 10, y = 20

C. x = 30, y = 0

D. x = 0, y = 30

Correct Answer

Correct Option:

x = 20, y = 10

About This Question

This is Post Utme Coal City University 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.

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