Post Utme Esut 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Esut Economics examination.

Post Utme Esut 2023 Economics Objective / Multiple Choice

Question 37 POST_UTME_ESUT • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. The consumer's budget constraint is given by 2x + 3y = ₦100. What is the consumer's optimal bundle of goods?

A. x = 10, y = 20

B. x = 20, y = 10

Correct Answer C. x = 15, y = 15

D. x = 30, y = 0

Correct Answer

Correct Option:

x = 15, y = 15

This is Post Utme Esut 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Esut Economics examination.

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