Post Utme Futo 2024 Economics Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Futo Economics examination.

Post Utme Futo 2024 Economics Objective / Multiple Choice
Question 20 POST_UTME_FUTO • 2024 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's budget constraint is 2x + 3y = 12, and the price of x is ₦2 and the price of y is ₦3, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. x = 3, y = 2
B. x = 2, y = 4
C. x = 4, y = 1
D. x = 1, y = 3
Correct Answer
A
Correct Option:
x = 3, y = 2

About This Question

This is Post Utme Futo 2024 Economics Question 20. It is one of the objective questions from the 2024 Post Utme Futo Economics examination.

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