Post Utme Greenfield University 2022 Economics Question 4

Practice objective / multiple choice question 4 from the 2022 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2022 Economics Objective / Multiple Choice
Question 4 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y. The consumer's budget constraint is 2x + 3y = 30. What is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 5, y = 5
B. x = 10, y = 0
C. x = 0, y = 10
D. x = 15, y = -5
Correct Answer
A
Correct Option:
x = 5, y = 5

About This Question

This is Post Utme Greenfield University 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Greenfield University Economics examination.

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