Post Utme Futa 2024 Commerce Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 30 POST_UTME_FUTA • 2024 • COMMERCE • objective

A consumer has a utility function given by U = 2A + 3B, where U is the utility, A is the quantity of good A, and B is the quantity of good B. If the consumer spends all their budget on good A, what is the maximum utility they can achieve?

Answer Options

A. 10
B. 20
Correct Answer C. 30
D. 40
Correct Answer
C
Correct Option:
30

About This Question

This is Post Utme Futa 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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