Post Utme Ksu 2017 Economics Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Ksu Economics examination.

Post Utme Ksu 2017 Economics Objective / Multiple Choice

Question 2 POST_UTME_KSU • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 50, and the prices of x and y are 2 and 5 respectively, find the consumer's optimal consumption bundle.

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 7, y = 8

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Ksu 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Ksu Economics examination.

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