Post Utme Pan Atlantic University 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Pan Atlantic University Economics examination.

Post Utme Pan Atlantic University 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 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. The consumer's budget constraint is given by 2x + 3y = ₦100. Find the consumer's optimal bundle of goods.

Answer Options

A. x = 20, y = 10
Correct Answer B. x = 15, y = 20
C. x = 10, y = 30
D. x = 5, y = 40
Correct Answer
B
Correct Option:
x = 15, y = 20

About This Question

This is Post Utme Pan Atlantic University 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.

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