Post Utme Oau 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice

Question 32 POST_UTME_OAU • 2024 • ECONOMICS • objective

Consider a consumer with a utility function U(x, y) = 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 optimal bundle of goods (x, y) that maximizes the consumer's utility?

A. x = 2, y = 10

Correct Answer B. x = 5, y = 8

C. x = 10, y = 5

D. x = 8, y = 5

Correct Answer

Correct Option:

x = 5, y = 8

This is Post Utme Oau 2024 Economics Question 32. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

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