Post Utme Caleb University 2023 Economics Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2023 Economics Objective / Multiple Choice
Question 19 POST_UTME_CALEB_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 12. The consumer's utility function is given by u(x, y) = 2x + 3y. What is the consumer's optimal consumption bundle?

Answer Options

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

About This Question

This is Post Utme Caleb University 2023 Economics Question 19. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.

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