Post Utme Rsu 2023 Economics Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice

Question 37 POST_UTME_RSU • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. The prices of x and y are ₦5 and ₦10 respectively. The consumer's budget constraint is 5x + 10y = 100. Find the optimal levels of x and y that maximize utility.

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 15, y = 3

D. x = 20, y = 2

Correct Answer

Correct Option:

x = 10, y = 5

This is Post Utme Rsu 2023 Economics Question 37. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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