Post Utme Rhema University 2019 Economics Question 44

Practice objective / multiple choice question 44 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 44 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are $4 and $6 respectively, and the consumer's income is $100, what is the consumer's optimal level of x?

Answer Options

A. x = 10
Correct Answer B. x = 15
C. x = 20
D. x = 25
Correct Answer
B
Correct Option:
x = 15

About This Question

This is Post Utme Rhema University 2019 Economics Question 44. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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