Post Utme Aaua 2022 Economics Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Aaua Economics examination.

Post Utme Aaua 2022 Economics Objective / Multiple Choice

Question 39 POST_UTME_AAUA • 2022 • 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 2x + 3y = 12, and the prices of the two goods are p_x = 2 and p_y = 3, respectively, what is the consumer's optimal bundle of goods?

Correct Answer A. \( x = 3, y = 2 \)

B. \( x = 2, y = 3 \)

C. \( x = 4, y = 1 \)

D. \( x = 1, y = 4 \)

Correct Answer

Correct Option:

\( x = 3, y = 2 \)

This is Post Utme Aaua 2022 Economics Question 39. It is one of the objective questions from the 2022 Post Utme Aaua Economics examination.

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