Post Utme Christopher University 2021 Economics Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2021 Economics Objective / Multiple Choice

Question 10 POST_UTME_CHRISTOPHER_UNIVERSITY • 2021 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 3, y = 3

B. x = 4, y = 2

C. x = 5, y = 1

D. x = 6, y = 0

Correct Answer

Correct Option:

x = 3, y = 3

About This Question

This is Post Utme Christopher University 2021 Economics Question 10. It is one of the objective questions from the 2021 Post Utme Christopher University Economics examination.

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