Post Utme Rsu 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Rsu Economics examination.

Post Utme Rsu 2019 Economics Objective / Multiple Choice

Question 23 POST_UTME_RSU • 2019 • ECONOMICS • objective

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

Correct Answer A. x = 20, y = 10

B. x = 15, y = 20

C. x = 10, y = 30

D. x = 5, y = 40

Correct Answer

Correct Option:

x = 20, y = 10

This is Post Utme Rsu 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Rsu Economics examination.

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