Post Utme Igbinedion University 2019 Economics Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2019 Economics Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer in Nigeria has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. The consumer's budget constraint is 2x + 3y = 100. What is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 20, y = 30
B. x = 30, y = 20
C. x = 40, y = 10
D. x = 50, y = 5
Correct Answer
A
Correct Option:
x = 20, y = 30

About This Question

This is Post Utme Igbinedion University 2019 Economics Question 18. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.

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