Post Utme Ksu 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice

Question 23 POST_UTME_KSU • 2019 • ECONOMICS • objective

A consumer has a utility function of \( U = 2x + 3y \) and budget constraint of \( 2x + 3y = 30 \). Determine the optimal consumption bundle.

Correct Answer A. x = 5, y = 10

B. x = 10, y = 5

C. x = 15, y = 0

D. x = 0, y = 20

Correct Answer

Correct Option:

x = 5, y = 10

This is Post Utme Ksu 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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