Post Utme Veritas University 2017 Economics Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2017 Economics Objective / Multiple Choice
Question 24 POST_UTME_VERITAS_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 1000. If the consumer's utility function is U(x, y) = 2x + 3y, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. 500, 333
B. 333, 500
C. 250, 333
D. 333, 250
Correct Answer
A
Correct Option:
500, 333

About This Question

This is Post Utme Veritas University 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Veritas University Economics examination.

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