Post Utme Bsu 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Bsu Economics examination.

Post Utme Bsu 2020 Economics Objective / Multiple Choice
Question 13 POST_UTME_BSU • 2020 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 12, where x is the number of units of good X and y is the number of units of good Y. The consumer's utility function is given by U(x,y) = 2x + 3y. Assuming that the consumer wants to maximize their utility, what is the optimal combination of goods X and Y?

Answer Options

Correct Answer A. (3,2)
B. (4,1)
C. (5,0)
D. (0,4)
Correct Answer
A
Correct Option:
(3,2)

About This Question

This is Post Utme Bsu 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Bsu Economics examination.

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