Post Utme Ims U 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Ims U Commerce examination.

Post Utme Ims U 2017 Commerce Objective / Multiple Choice
Question 34 POST_UTME_IMS_U • 2017 • COMMERCE • objective

A consumer has a budget constraint given by 2x + 3y = 100. If the consumer's utility function is given by U(x,y) = 2x + 3y, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. (20,10)
B. (30,5)
C. (40,0)
D. (0,50)
Correct Answer
A
Correct Option:
(20,10)

About This Question

This is Post Utme Ims U 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.

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