Post Utme Esut 2018 Economics Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice

Question 20 POST_UTME_ESUT • 2018 • ECONOMICS • objective

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

Correct Answer A. (x,y) = (3,3)

B. (x,y) = (4,2)

C. (x,y) = (5,1)

D. (x,y) = (6,0)

Correct Answer

Correct Option:

(x,y) = (3,3)

This is Post Utme Esut 2018 Economics Question 20. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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