Post Utme Mountain Top University 2019 Commerce Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 25 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective

A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. The prices of the two goods are 2 and 3 respectively. What is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 1, y = 1
B. x = 2, y = 2
C. x = 3, y = 3
D. x = 4, y = 4
Correct Answer
A
Correct Option:
x = 1, y = 1

About This Question

This is Post Utme Mountain Top University 2019 Commerce Question 25. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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