Post Utme Futa 2020 Commerce Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Futa Commerce examination.

Post Utme Futa 2020 Commerce Objective / Multiple Choice
Question 5 POST_UTME_FUTA • 2020 • COMMERCE • objective

A consumer has a utility function given by U = 2A + 3B, where U is the total utility, A is the quantity of good A, and B is the quantity of good B. If the consumer's budget constraint is 100 units of currency and the prices of the goods are 5 units of currency for good A and 10 units of currency for good B, calculate the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. The optimal consumption bundle is (20, 10).
B. The optimal consumption bundle is (10, 20).
C. The optimal consumption bundle is (15, 15).
D. The optimal consumption bundle is (5, 25).
Correct Answer
A
Correct Option:
The optimal consumption bundle is (20, 10).

About This Question

This is Post Utme Futa 2020 Commerce Question 5. It is one of the objective questions from the 2020 Post Utme Futa Commerce examination.

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