Post Utme Futo 2020 Economics Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Futo Economics examination.

Post Utme Futo 2020 Economics Objective / Multiple Choice

Question 37 POST_UTME_FUTO • 2020 • ECONOMICS • objective

A consumer's budget constraint is given by the equation 2x + 3y = 12. If the consumer's income is ₦12 and the price of x is ₦2, find the consumer's optimal bundle of x and y.

A. x = 2, y = 2

Correct Answer B. x = 3, y = 1

C. x = 1, y = 3

D. x = 4, y = 0

Correct Answer

Correct Option:

x = 3, y = 1

This is Post Utme Futo 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Futo Economics examination.

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