Post Utme Crawford University 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_CRAWFORD_UNIVERSITY • 2024 • COMMERCE • objective

A consumer's budget constraint is given by 2x + 3y = 100. If the consumer's income is 100 and the prices of x and y are 5 and 10 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 20, y = 20
Correct Answer B. x = 15, y = 25
C. x = 25, y = 15
D. x = 10, y = 30
Correct Answer
B
Correct Option:
x = 15, y = 25

About This Question

This is Post Utme Crawford University 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Crawford University Commerce examination.

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