Post Utme Al Hikmah University 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2022 Economics Objective / Multiple Choice

Question 21 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation u(x,y) = 2x + 3y = 12. If the consumer's income is ₦1200 and the prices of x and y are ₦4 and ₦6 respectively, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 6, y = 4

B. x = 4, y = 6

C. x = 3, y = 5

D. x = 5, y = 3

Correct Answer

Correct Option:

x = 6, y = 4

About This Question

This is Post Utme Al Hikmah University 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.

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