Post Utme Afe Babalola University 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 10 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's indifference curve is given by the equation U = 2X + 3Y. If the consumer's income is 12 and the price of good X is 2, what is the consumer's optimal bundle of goods X and Y?

Answer Options

Correct Answer A. X = 2, Y = 4

B. X = 4, Y = 2

C. X = 6, Y = 0

D. X = 0, Y = 6

Correct Answer

Correct Option:

X = 2, Y = 4

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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