Post Utme Al Hikmah University 2025 Commerce Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2025 Commerce Objective / Multiple Choice

Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • COMMERCE • 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, and the price of good y is ₦3, what is the consumer's optimal bundle of goods?

Answer Options

A. x = 3, y = 2

Correct Answer B. x = 2, y = 3

C. x = 4, y = 1

D. x = 1, y = 4

Correct Answer

Correct Option:

x = 2, y = 3

About This Question

This is Post Utme Al Hikmah University 2025 Commerce Question 37. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Commerce examination.

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