Post Utme Esut 2025 Economics Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Esut Economics examination.

Post Utme Esut 2025 Economics Objective / Multiple Choice
Question 17 POST_UTME_ESUT • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 10x + 5y = 50, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (5, 5)
B. (10, 0)
C. (0, 10)
D. (7.5, 2.5)
Correct Answer
A
Correct Option:
(5, 5)

About This Question

This is Post Utme Esut 2025 Economics Question 17. It is one of the objective questions from the 2025 Post Utme Esut Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support