Post Utme Mountain Top University 2020 Economics Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2020 Economics Objective / Multiple Choice
Question 23 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer has the following budget constraint: 2x + 3y = 20, where x and y are the quantities of two goods. If the consumer's utility function is given by U(x, y) = 2x + 3y, what is the consumer's optimal bundle of goods?

Answer Options

A. x = 4, y = 2
B. x = 2, y = 4
Correct Answer C. x = 3, y = 3
D. x = 5, y = 1
Correct Answer
C
Correct Option:
x = 3, y = 3

About This Question

This is Post Utme Mountain Top University 2020 Economics Question 23. It is one of the objective questions from the 2020 Post Utme Mountain Top University Economics examination.

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