Post Utme Pan Atlantic University 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2019 Economics Objective / Multiple Choice
Question 13 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has the following utility function: U = 2X + 3Y, where X and Y are the quantities of two goods consumed. If the consumer's budget constraint is given by 2X + 3Y = ₦100, what is the consumer's optimal bundle of goods?

Answer Options

A. X = 20, Y = 10
Correct Answer B. X = 15, Y = 15
C. X = 10, Y = 20
D. X = 5, Y = 25
Correct Answer
B
Correct Option:
X = 15, Y = 15

About This Question

This is Post Utme Pan Atlantic University 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.

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