Post Utme Christopher University 2020 Economics Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice

Question 17 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 6, y = 0

D. x = 0, y = 6

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Christopher University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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