Post Utme Ksu 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Ksu Economics examination.

Post Utme Ksu 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_KSU • 2019 • ECONOMICS • objective

A consumer's utility function is given by ( U(x, y) = 2x + 3y ), where ( x ) is the number of units of good X consumed and ( y ) is the number of units of good Y consumed. If the consumer's budget constraint is given by \( 2x + 3y = 100 \), what is the value of ( x ) when the consumer is at the point of indifference between good X and good Y?

Answer Options

A. 20
B. 30
Correct Answer C. 40
D. 50
Correct Answer
C
Correct Option:
40

About This Question

This is Post Utme Ksu 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Ksu Economics examination.

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