Post Utme Ims U 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice

Question 33 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 10. If the consumer's utility function is U = 2x + 3y, find the optimal quantities of x and y.

A. x = 2, y = 2

Correct Answer B. x = 3, y = 1

C. x = 4, y = 0

D. x = 0, y = 4

Correct Answer

Correct Option:

x = 3, y = 1

This is Post Utme Ims U 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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