Post Utme Esut 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice

Question 14 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12. If the consumer's utility function is U(x,y) = 2x + 3y, find the optimal values of x and y.

Correct Answer A. x = 3, y = 3

B. x = 4, y = 2

C. x = 5, y = 1

D. x = 6, y = 0

Correct Answer

Correct Option:

x = 3, y = 3

This is Post Utme Esut 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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