Post Utme Oau 2020 Economics Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Oau Economics examination.

Post Utme Oau 2020 Economics Objective / Multiple Choice

Question 32 POST_UTME_OAU • 2020 • 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 consumer's budget constraint is \( 10x + 5y = 100 \), what is the consumer's optimal level of x and y?

A. \( x = 5, y = 10 \)

Correct Answer B. \( x = 10, y = 5 \)

C. \( x = 15, y = 3 \)

D. \( x = 20, y = 2 \)

Correct Answer

Correct Option:

\( x = 10, y = 5 \)

This is Post Utme Oau 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Oau Economics examination.

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