Post Utme Noun 2022 Economics Question 35

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

Post Utme Noun 2022 Economics Objective / Multiple Choice

Question 35 POST_UTME_NOUN • 2022 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are $2 and $3 respectively, and the consumer's income is $100, what is the optimal bundle of goods that maximizes utility?

Correct Answer A. x = 20, y = 10

B. x = 15, y = 15

C. x = 10, y = 20

D. x = 25, y = 5

Correct Answer

Correct Option:

x = 20, y = 10

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

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