Post Utme Uniport 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Uniport Economics examination.

Post Utme Uniport 2020 Economics Objective / Multiple Choice
Question 14 POST_UTME_UNIPORT • 2020 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Uniport 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support