Post Utme Babcock University 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's budget constraint is given by \( 2x + 3y = 12 \). If the consumer's indifference curve is represented by the equation ( u(x,y) = 2x + y ), what is the optimal bundle of x and y?

Answer Options

Correct Answer A. (3, 4)
B. (4, 3)
C. (5, 2)
D. (2, 5)
Correct Answer
A
Correct Option:
(3, 4)

About This Question

This is Post Utme Babcock University 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Babcock University Economics examination.

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