Post Utme Covenant University 2022 Economics Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2022 Economics Objective / Multiple Choice
Question 23 POST_UTME_COVENANT_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

A. (4, 0)
Correct Answer B. (2, 4)
C. (0, 4)
D. (4, 4)
Correct Answer
B
Correct Option:
(2, 4)

About This Question

This is Post Utme Covenant University 2022 Economics Question 23. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.

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