Post Utme Coal City University 2017 Economics Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2017 Economics Objective / Multiple Choice

Question 17 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 2x + 3y = 12, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Coal City University 2017 Economics Question 17. It is one of the objective questions from the 2017 Post Utme Coal City University Economics examination.

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