Post Utme Achievers University 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_ACHIEVERS_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's budget constraint is given by the equation 2y + 3x = 12, where x is the number of units of good X and y is the number of units of good Y. If the consumer's indifference curve is given by the equation y = 2x^2 + 5x + 1, what is the consumer's optimal consumption bundle?

Answer Options

A. x = 1, y = 2
Correct Answer B. x = 2, y = 3
C. x = 3, y = 4
D. x = 4, y = 5
Correct Answer
B
Correct Option:
x = 2, y = 3

About This Question

This is Post Utme Achievers University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Achievers University Economics examination.

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