Post Utme Skyline University 2018 Economics Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice
Question 13 POST_UTME_SKYLINE_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's utility function is given by (U(x, y) = 2x + 3y). If the consumer's budget constraint is \( 2x + 3y = 100 \), what is the consumer's optimal bundle of x and y?

Answer Options

A. \( x = 20, y = 30 \)
B. \( x = 30, y = 20 \)
Correct Answer C. \( x = 25, y = 25 \)
D. \( x = 35, y = 15 \)
Correct Answer
C
Correct Option:
\( x = 25, y = 25 \)

About This Question

This is Post Utme Skyline University 2018 Economics Question 13. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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