Post Utme Ims U 2023 Economics Question 13

Practice objective / multiple choice question 13 from the 2023 Post Utme Ims U Economics examination.

Post Utme Ims U 2023 Economics Objective / Multiple Choice
Question 13 POST_UTME_IMS_U • 2023 • ECONOMICS • objective

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

Answer Options

Correct Answer A. (2,4)
B. (4,2)
C. (3,3)
D. (6,0)
Correct Answer
A
Correct Option:
(2,4)

About This Question

This is Post Utme Ims U 2023 Economics Question 13. It is one of the objective questions from the 2023 Post Utme Ims U Economics examination.

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