Post Utme Afe Babalola University 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2021 Economics Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = 12. 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
A
Correct Option:
X = 2, Y = 4

About This Question

This is Post Utme Afe Babalola University 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Economics examination.

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