Post Utme Ksu 2022 Economics Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Ksu Economics examination.

Post Utme Ksu 2022 Economics Objective / Multiple Choice
Question 37 POST_UTME_KSU • 2022 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 100 = 4x + 5y, and the consumer's indifference curve is \tangent to the budget constraint at a point where x = 10, find the value of y.

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Ksu 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Ksu Economics examination.

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