Post Utme Eksu 2018 Economics Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Eksu Economics examination.

Post Utme Eksu 2018 Economics Objective / Multiple Choice
Question 24 POST_UTME_EKSU • 2018 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Eksu 2018 Economics Question 24. It is one of the objective questions from the 2018 Post Utme Eksu Economics examination.

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