Post Utme Ksu 2021 Economics Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Ksu Economics examination.

Post Utme Ksu 2021 Economics Objective / Multiple Choice

Question 9 POST_UTME_KSU • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 5x + 10y = 100, where x and y are the quantities of two goods. If the consumer's utility function is U = 2x + 3y, what is the consumer's optimal bundle of goods?

A. x = 20, y = 10

B. x = 15, y = 15

Correct Answer C. x = 10, y = 20

D. x = 5, y = 25

Correct Answer

Correct Option:

x = 10, y = 20

This is Post Utme Ksu 2021 Economics Question 9. It is one of the objective questions from the 2021 Post Utme Ksu Economics examination.

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