Post Utme Mountain Top University 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the budget constraint is given by 2x + 3y = 30, find the optimal consumption bundle.

Answer Options

Correct Answer A. (x, y) = (5, 5)
B. (x, y) = (10, 0)
C. (x, y) = (0, 10)
D. (x, y) = (15, 5)
Correct Answer
A
Correct Option:
(x, y) = (5, 5)

About This Question

This is Post Utme Mountain Top University 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.

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