Post Utme Igbinedion University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2022 Economics Objective / Multiple Choice

Question 32 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Igbinedion University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Igbinedion University Economics examination.

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