Post Utme Lasu 2022 Commerce Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Lasu Commerce examination.

Post Utme Lasu 2022 Commerce Objective / Multiple Choice
Question 25 POST_UTME_LASU • 2022 • COMMERCE • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 100x + 50y = 1000, then the consumer's optimal consumption bundle is

Answer Options

Correct Answer A. (50, 20)
B. (20, 50)
C. (30, 30)
D. (40, 40)
Correct Answer
A
Correct Option:
(50, 20)

About This Question

This is Post Utme Lasu 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Lasu Commerce examination.

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