Post Utme Elizade University 2022 Economics Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2022 Economics Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer is faced with the following budget constraint: 2x + 3y = 12. If the price of good x is ₦2 and the price of good y is ₦3, what is the consumer's optimal bundle of goods?

Answer Options

A. (2, 2)
Correct Answer B. (4, 1)
C. (6, 0)
D. (0, 4)
Correct Answer
B
Correct Option:
(4, 1)

About This Question

This is Post Utme Elizade University 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Elizade University Economics examination.

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