Post Utme Uniport 2024 Commerce Question 25

Practice objective / multiple choice question 25 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice

Question 25 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

A consumer has the following budget constraint: 2x + 3y = 100. If the consumer's utility function is U(x, y) = 2x + 3y, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. x = 20, y = 30

B. x = 30, y = 20

C. x = 40, y = 10

D. x = 50, y = 0

Correct Answer

Correct Option:

x = 20, y = 30

About This Question

This is Post Utme Uniport 2024 Commerce Question 25. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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