Post Utme Esut 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_ESUT • 2018 • ECONOMICS • objective

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

Answer Options

A. (2,4)
B. (4,2)
Correct Answer C. (3,3)
D. (1,1)
Correct Answer
C
Correct Option:
(3,3)

About This Question

This is Post Utme Esut 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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