Post Utme Ims U 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Post Utme Ims U Economics examination.

Post Utme Ims U 2020 Economics Objective / Multiple Choice
Question 36 POST_UTME_IMS_U • 2020 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the budget constraint is given by 2x + 3y = 12, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (2, 4)
B. (4, 2)
C. (3, 3)
D. (6, 1)
Correct Answer
A
Correct Option:
(2, 4)

About This Question

This is Post Utme Ims U 2020 Economics Question 36. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.

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