Post Utme Greenfield University 2020 Economics Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Greenfield University Economics examination.

Post Utme Greenfield University 2020 Economics Objective / Multiple Choice

Question 12 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • ECONOMICS • objective

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

Answer Options

A. x = 3, y = 4

Correct Answer B. x = 4, y = 3

C. x = 6, y = 2

D. x = 2, y = 6

Correct Answer

Correct Option:

x = 4, y = 3

About This Question

This is Post Utme Greenfield University 2020 Economics Question 12. It is one of the objective questions from the 2020 Post Utme Greenfield University Economics examination.

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