Post Utme Lasu 2017 Economics Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Lasu Economics examination.

Post Utme Lasu 2017 Economics Objective / Multiple Choice

Question 10 POST_UTME_LASU • 2017 • ECONOMICS • objective

A consumer has the following budget constraint: 2x + 3y = 100. If the prices of x and y are ₦10 and ₦20 respectively, find the optimal quantities of x and y that will maximize the consumer's utility.

Correct Answer A. x = 20, y = 10

B. x = 10, y = 20

C. x = 30, y = 10

D. x = 10, y = 30

Correct Answer

Correct Option:

x = 20, y = 10

This is Post Utme Lasu 2017 Economics Question 10. It is one of the objective questions from the 2017 Post Utme Lasu Economics examination.

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