Post Utme Christopher University 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ECONOMICS • objective

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

Answer Options

Correct Answer A. (2, 4)
B. (4, 2)
C. (6, 0)
D. (0, 6)
Correct Answer
A
Correct Option:
(2, 4)

About This Question

This is Post Utme Christopher University 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Christopher University Economics examination.

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