Post Utme Unilorin 2024 Economics Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Unilorin Economics examination.

Post Utme Unilorin 2024 Economics Objective / Multiple Choice

Question 13 POST_UTME_UNILORIN • 2024 • ECONOMICS • objective

A consumer has an indifference curve given by U = 2x + 3y and a budget constraint given by 2x + 3y = 30. What is the optimal consumption bundle?

Answer Options

Correct Answer A. x = 5, y = 5

B. x = 10, y = 0

C. x = 0, y = 10

D. x = 15, y = -5

Correct Answer

Correct Option:

x = 5, y = 5

About This Question

This is Post Utme Unilorin 2024 Economics Question 13. It is one of the objective questions from the 2024 Post Utme Unilorin Economics examination.

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