Post Utme Uniben 2023 Economics Question 39

Practice objective / multiple choice question 39 from the 2023 Post Utme Uniben Economics examination.

Post Utme Uniben 2023 Economics Objective / Multiple Choice
Question 39 POST_UTME_UNIBEN • 2023 • ECONOMICS • objective

A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the goods are P_x = 2 and P_y = 3, and the consumer's income is I = 100, calculate the optimal quantities of the two goods u\sing the budget constraint.

Answer Options

Correct Answer A. \( x = 20, y = 15 \)
B. \( x = 15, y = 20 \)
C. \( x = 25, y = 10 \)
D. \( x = 10, y = 25 \)
Correct Answer
A
Correct Option:
\( x = 20, y = 15 \)

About This Question

This is Post Utme Uniben 2023 Economics Question 39. It is one of the objective questions from the 2023 Post Utme Uniben Economics examination.

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