Post Utme Futo 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice

Question 27 POST_UTME_FUTO • 2020 • 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?

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 5, y = 3

D. x = 3, y = 5

Correct Answer

Correct Option:

x = 2, y = 4

This is Post Utme Futo 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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