Post Utme Uniosun 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice

Question 32 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 100, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. x = 5, y = 10

B. x = 10, y = 5

C. x = 15, y = 0

D. x = 0, y = 20

Correct Answer

Correct Option:

x = 5, y = 10

About This Question

This is Post Utme Uniosun 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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