Post Utme Uniosun 2021 Economics Question 34

Practice objective / multiple choice question 34 from the 2021 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2021 Economics Objective / Multiple Choice

Question 34 POST_UTME_UNIOSUN • 2021 • ECONOMICS • objective

A consumer has a budget of $20 and faces prices of $2 and $3 for goods x and y respectively. If the consumer's utility function is U(x, y) = 2x + 3y, find the optimal consumption bundle.

Answer Options

Correct Answer A. x = 3, y = 2

B. x = 2, y = 3

C. x = 4, y = 1

D. x = 1, y = 4

Correct Answer

Correct Option:

x = 3, y = 2

About This Question

This is Post Utme Uniosun 2021 Economics Question 34. It is one of the objective questions from the 2021 Post Utme Uniosun Economics examination.

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