Post Utme Unn 2024 Economics Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Unn Economics examination.

Post Utme Unn 2024 Economics Objective / Multiple Choice
Question 2 POST_UTME_UNN • 2024 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's budget constraint is 10x + 5y = 50, find the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. x = 2, y = 4
B. x = 3, y = 5
C. x = 4, y = 6
D. x = 5, y = 7
Correct Answer
A
Correct Option:
x = 2, y = 4

About This Question

This is Post Utme Unn 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Unn Economics examination.

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