Post Utme Lead City University 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2022 Economics Objective / Multiple Choice

Question 27 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 50, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. x = 2, y = 5

B. x = 3, y = 4

C. x = 4, y = 3

D. x = 5, y = 2

Correct Answer

Correct Option:

x = 2, y = 5

About This Question

This is Post Utme Lead City University 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Lead City University Economics examination.

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