Post Utme Eksu 2021 Economics Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Eksu Economics examination.

Post Utme Eksu 2021 Economics Objective / Multiple Choice

Question 8 POST_UTME_EKSU • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12. The consumer's indifference curve is downward sloping and convex to the origin. What is the consumer's optimal bundle of x and y?

A. x = 2, y = 2

Correct Answer B. x = 3, y = 1

C. x = 4, y = 0

D. x = 0, y = 4

Correct Answer

Correct Option:

x = 3, y = 1

This is Post Utme Eksu 2021 Economics Question 8. It is one of the objective questions from the 2021 Post Utme Eksu Economics examination.

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