Post Utme Coal City University 2021 Commerce Question 40

Practice objective / multiple choice question 40 from the 2021 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2021 Commerce Objective / Multiple Choice
Question 40 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A consumer has a utility function U(X, Y) = 2X + 3Y. The prices of the goods are ₦2,000 and ₦3,000, respectively. The consumer's budget is ₦10,000. Calculate the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. X = 2, Y = 3
B. X = 3, Y = 2
C. X = 4, Y = 1
D. X = 1, Y = 4
Correct Answer
A
Correct Option:
X = 2, Y = 3

About This Question

This is Post Utme Coal City University 2021 Commerce Question 40. It is one of the objective questions from the 2021 Post Utme Coal City University Commerce examination.

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