Post Utme Ksu 2023 Commerce Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Ksu Commerce examination.

Post Utme Ksu 2023 Commerce Objective / Multiple Choice

Question 15 POST_UTME_KSU • 2023 • COMMERCE • objective

A consumer has a utility function given by U = 2A + 3B. The prices of A and B are 5 and 10 respectively. Using the budget constraint, find the consumer's optimal consumption bundle.

A. A = 10, B = 5

Correct Answer B. A = 15, B = 3

C. A = 20, B = 2

D. A = 25, B = 1

Correct Answer

Correct Option:

A = 15, B = 3

This is Post Utme Ksu 2023 Commerce Question 15. It is one of the objective questions from the 2023 Post Utme Ksu Commerce examination.

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