Post Utme Coal City University 2019 Economics Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2019 Economics Objective / Multiple Choice
Question 3 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer has the following utility function: U = 2x + 3y. The budget constraint is given by 2x + 3y = 12. What is the consumer's optimal bundle?

Answer Options

Correct Answer A. \( x = 2, y = 4 \)
B. \( x = 4, y = 2 \)
C. \( x = 6, y = 0 \)
D. \( x = 0, y = 8 \)
Correct Answer
A
Correct Option:
\( x = 2, y = 4 \)

About This Question

This is Post Utme Coal City University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Coal City University Economics examination.

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