Post Utme Unilorin 2023 Economics Question 5

Practice objective / multiple choice question 5 from the 2023 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2023 Economics Objective / Multiple Choice
Question 5 POST_UTME_UNILORIN • 2023 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Unilorin 2023 Economics Question 5. It is one of the objective questions from the 2023 Post Utme Unilorin Economics examination.

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