Post Utme Futa 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Futa Economics examination.

Post Utme Futa 2018 Economics Objective / Multiple Choice
Question 22 POST_UTME_FUTA • 2018 • ECONOMICS • objective

A consumer's utility function is given by \( U = 2x + 3y \), where x and y are the quantities of two goods. If the consumer's budget constraint is \( 2x + 3y = 12 \), and the price of good x is ₦4, what is the optimal quantity of good y?

Answer Options

A. 2 units
B. 4 units
Correct Answer C. 6 units
D. 8 units
Correct Answer
C
Correct Option:
6 units

About This Question

This is Post Utme Futa 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support