Post Utme Ims U 2021 Economics Question 12
Practice objective / multiple choice question 12 from the 2021 Post Utme Ims U Economics examination.
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 consumer's budget constraint is 2x + 3y = 12, find the optimal quantities of x and y that maximize the consumer's utility.
Answer Options
About This Question
This is Post Utme Ims U 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.