Post Utme Eksu 2021 Economics Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice

Question 29 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12. If the consumer's utility function is given by U = x + 2y, what is the optimal level of good x (x) and good y (y) that the consumer should purchase?

Correct Answer A. x = 4, y = 2

B. x = 2, y = 4

C. x = 3, y = 3

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 4, y = 2

This is Post Utme Eksu 2021 Economics Question 29. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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