Post Utme Covenant University 2022 Economics Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice

Question 18 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = 12. If the price of X is ₦2 and the price of Y is ₦3, find the optimal consumption bundle.

Answer Options

Correct Answer A. X = 2, Y = 4

B. X = 4, Y = 2

C. X = 6, Y = 0

D. X = 0, Y = 4

Correct Answer

Correct Option:

X = 2, Y = 4

About This Question

This is Post Utme Covenant University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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