Post Utme Osustech 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice
Question 27 POST_UTME_OSUSTECH • 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 2x + 3y = 100, what is the optimal bundle of goods?

Answer Options

Correct Answer A. x = 20, y = 30
B. x = 30, y = 20
C. x = 40, y = 10
D. x = 50, y = 0
Correct Answer
A
Correct Option:
x = 20, y = 30

About This Question

This is Post Utme Osustech 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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