Post Utme Afe Babalola University 2021 Economics Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice

Question 22 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. The consumer's budget constraint is 2x + 3y = 12. Find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 1, y = 5

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 22. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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