Post Utme Igbinedion University 2023 Economics Question 17

Practice objective / multiple choice question 17 from the 2023 Post Utme Igbinedion University Economics examination.

Post Utme Igbinedion University 2023 Economics Objective / Multiple Choice

Question 17 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • 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 = 2

Correct Answer B. x = 2, y = 3

C. x = 4, y = 1

D. x = 1, y = 4

Correct Answer

Correct Option:

x = 2, y = 3

About This Question

This is Post Utme Igbinedion University 2023 Economics Question 17. It is one of the objective questions from the 2023 Post Utme Igbinedion University Economics examination.

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