Post Utme Skyline University 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice
Question 27 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 50, find the consumer's optimal bundle of x and y.

Answer Options

A. x = 2, y = 4
Correct Answer B. x = 3, y = 5
C. x = 4, y = 6
D. x = 5, y = 7
Correct Answer
B
Correct Option:
x = 3, y = 5

About This Question

This is Post Utme Skyline University 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

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