Post Utme Esut 2018 Economics Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice

Question 38 POST_UTME_ESUT • 2018 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are 2 and 3 respectively, and the consumer's income is 100, what is the consumer's optimal bundle?

Correct Answer A. x = 20, y = 30

B. x = 30, y = 20

C. x = 40, y = 10

D. x = 10, y = 40

Correct Answer

Correct Option:

x = 20, y = 30

This is Post Utme Esut 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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