Post Utme Ui 2018 Economics Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice
Question 17 POST_UTME_UI • 2018 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's budget constraint is 10x + 5y = 50, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (5, 5)
B. (10, 0)
C. (0, 10)
D. (7.5, 2.5)
Correct Answer
A
Correct Option:
(5, 5)

About This Question

This is Post Utme Ui 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support