Post Utme Oau 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Oau Economics examination.

Post Utme Oau 2024 Economics Objective / Multiple Choice

Question 5 POST_UTME_OAU • 2024 • ECONOMICS • objective

A consumer has the following budget constraint: 2x + 3y = 100. If the consumer's utility function is U(x,y) = 2x + 3y, what is the optimal bundle of x and y that the consumer should purchase?

A. \( x = 20, y = 10 \)

B. \( x = 10, y = 20 \)

Correct Answer C. \( x = 15, y = 15 \)

D. \( x = 25, y = 5 \)

Correct Answer

Correct Option:

\( x = 15, y = 15 \)

This is Post Utme Oau 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Oau Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support