Post Utme Joseph Ayo Babalola University 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2021 Economics Objective / Multiple Choice

Question 35 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

A. x = 20, y = 20

Correct Answer B. x = 30, y = 10

C. x = 10, y = 30

D. x = 5, y = 35

Correct Answer

Correct Option:

x = 30, y = 10

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Economics examination.

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