Post Utme Ims U 2021 Economics Question 20

Practice objective / multiple choice question 20 from the 2021 Post Utme Ims U Economics examination.

Post Utme Ims U 2021 Economics Objective / Multiple Choice
Question 20 POST_UTME_IMS_U • 2021 • ECONOMICS • objective

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

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 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Ims U Economics examination.

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