Post Utme Futa 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Futa Economics examination.

Post Utme Futa 2022 Economics Objective / Multiple Choice

Question 14 POST_UTME_FUTA • 2022 • ECONOMICS • objective

A consumer has an indifference curve given by the equation U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by the equation 2x + 3y = 12, what is the optimal combination of x and y that maximizes utility?

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 2, y = 4

This is Post Utme Futa 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Futa Economics examination.

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