Post Utme Oau 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Oau Economics examination.

Post Utme Oau 2023 Economics Objective / Multiple Choice

Question 13 POST_UTME_OAU • 2023 • ECONOMICS • objective

A consumer has a utility function given by U = 2x + 3y. If the consumer's budget constraint is 10x + 20y = 100, what is the optimal bundle of x and y?

Correct Answer A. x = 2, y = 3

B. x = 3, y = 2

C. x = 4, y = 1

D. x = 5, y = 0

Correct Answer

Correct Option:

x = 2, y = 3

This is Post Utme Oau 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Oau Economics examination.

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