Post Utme Unilag 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 20, y = 30
B. x = 30, y = 20
C. x = 40, y = 10
D. x = 50, y = 0
Correct Answer
A
Correct Option:
x = 20, y = 30

About This Question

This is Post Utme Unilag 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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