Post Utme Ui 2019 Economics Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Ui Economics examination.

Post Utme Ui 2019 Economics Objective / Multiple Choice

Question 38 POST_UTME_UI • 2019 • ECONOMICS • objective

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

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 Ui 2019 Economics Question 38. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.

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