Post Utme Babcock University 2020 Economics Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2020 Economics Objective / Multiple Choice
Question 3 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

A. x = 2, y = 4
Correct Answer B. x = 3, y = 3
C. x = 4, y = 2
D. x = 5, y = 1
Correct Answer
B
Correct Option:
x = 3, y = 3

About This Question

This is Post Utme Babcock University 2020 Economics Question 3. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.

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