Post Utme Futa 2021 Economics Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Futa Economics examination.

Post Utme Futa 2021 Economics Objective / Multiple Choice

Question 18 POST_UTME_FUTA • 2021 • ECONOMICS • objective

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

A. x = 20, y = 10

B. x = 15, y = 15

Correct Answer C. x = 10, y = 20

D. x = 5, y = 25

Correct Answer

Correct Option:

x = 10, y = 20

This is Post Utme Futa 2021 Economics Question 18. It is one of the objective questions from the 2021 Post Utme Futa Economics examination.

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