Post Utme Uniport 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Uniport Economics examination.

Post Utme Uniport 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2023 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 4x + 5y = 20, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (2, 2)
B. (4, 0)
C. (0, 4)
D. (3, 3)
Correct Answer
A
Correct Option:
(2, 2)

About This Question

This is Post Utme Uniport 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Uniport Economics examination.

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