Post Utme Bsu 2019 Commerce Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Bsu Commerce examination.

Post Utme Bsu 2019 Commerce Objective / Multiple Choice
Question 33 POST_UTME_BSU • 2019 • COMMERCE • objective

A consumer's indifference curve is given by the equation U = 2x + 3y, where U is utility, x is the quantity of good X, and y is the quantity of good Y. If the consumer's budget constraint is 2x + 3y = 12, what is the consumer's optimal bundle?

Answer Options

A. (2, 4)
Correct Answer B. (3, 3)
C. (4, 2)
D. (5, 1)
Correct Answer
B
Correct Option:
(3, 3)

About This Question

This is Post Utme Bsu 2019 Commerce Question 33. It is one of the objective questions from the 2019 Post Utme Bsu Commerce examination.

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