Post Utme Coal City University 2022 Economics Question 15

Practice objective / multiple choice question 15 from the 2022 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2022 Economics Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's utility function is given by u(x, y) = xy. If the consumer's initial \endowment is (x0, y0) = (2, 3), what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (4, 2)
B. (2, 4)
C. (3, 3)
D. (1, 5)
Correct Answer
A
Correct Option:
(4, 2)

About This Question

This is Post Utme Coal City University 2022 Economics Question 15. It is one of the objective questions from the 2022 Post Utme Coal City University Economics examination.

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