Post Utme Rsu 2019 Economics Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice

Question 2 POST_UTME_RSU • 2019 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by 2x + 3y = 30, determine the optimal quantities of x and y that maximize the consumer's utility.

Correct Answer A. x = 5, y = 5

B. x = 10, y = 0

C. x = 0, y = 10

D. x = 5, y = 10

Correct Answer

Correct Option:

x = 5, y = 5

This is Post Utme Rsu 2019 Economics Question 2. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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