Post Utme Rhema University 2025 Economics Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2025 Economics Objective / Multiple Choice
Question 9 POST_UTME_RHEMA_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by the equation U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by the equation 2x + 3y = $100, what is the consumer's 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 Rhema University 2025 Economics Question 9. It is one of the objective questions from the 2025 Post Utme Rhema University Economics examination.

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