Post Utme Nile University 2022 Economics Question 35

Practice objective / multiple choice question 35 from the 2022 Post Utme Nile University Economics examination.

Post Utme Nile University 2022 Economics Objective / Multiple Choice
Question 35 POST_UTME_NILE_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 100, where x and y are the quantities of two goods. If the consumer's utility function is U = 2x + 3y, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 20, y = 10
B. x = 15, y = 15
C. x = 10, y = 20
D. x = 5, y = 25
Correct Answer
A
Correct Option:
x = 20, y = 10

About This Question

This is Post Utme Nile University 2022 Economics Question 35. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.

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