Post Utme Covenant University 2021 Economics Question 10

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

Post Utme Covenant University 2021 Economics Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by \( 2x + 3y = 12 \). If the consumer's indifference curve is given by ( u(x,y) = x + 2y ), find the optimal bundle of x and y.

Answer Options

Correct Answer A. (2, 2)
B. (3, 1)
C. (4, 0)
D. \( 5, -1 \)
Correct Answer
A
Correct Option:
(2, 2)

About This Question

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

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