Post Utme Ksu 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Ksu Economics examination.

Post Utme Ksu 2018 Economics Objective / Multiple Choice

Question 20 POST_UTME_KSU • 2018 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2X + 3Y = 100. The consumer's utility function is given by U = 2X + 3Y. If the consumer wants to maximize its utility, what should be the optimal values of X and Y?

Correct Answer A. X = 20, Y = 30

B. X = 30, Y = 20

C. X = 40, Y = 10

D. X = 50, Y = 0

Correct Answer

Correct Option:

X = 20, Y = 30

This is Post Utme Ksu 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Ksu Economics examination.

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