Post Utme Ksu 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Ksu Economics examination.

Post Utme Ksu 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_KSU • 2024 • ECONOMICS • objective

A consumer has a budget constraint of 100 and a preference for two goods, A and B. The prices of the goods are 5 and 10 respectively. The consumer's indifference curves are given by the equation U = 2A + B. What is the consumer's optimal consumption bundle?

Answer Options

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

About This Question

This is Post Utme Ksu 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Ksu Economics examination.

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