Post Utme Bowen University 2021 Economics Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2021 Economics Objective / Multiple Choice
Question 5 POST_UTME_BOWEN_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer has the following budget constraint: 2x + 3y = 12. If the price of x is ₦2 per unit, and the price of y is ₦3 per unit, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. (2, 3)
B. (3, 2)
C. (4, 1)
D. (1, 4)
Correct Answer
A
Correct Option:
(2, 3)

About This Question

This is Post Utme Bowen University 2021 Economics Question 5. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.

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