Post Utme Ims U 2024 Economics Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Ims U Economics examination.

Post Utme Ims U 2024 Economics Objective / Multiple Choice
Question 8 POST_UTME_IMS_U • 2024 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = 12. Find the consumer's optimal consumption bundle.

Answer Options

A. x = 2, y = 4
Correct Answer B. x = 3, y = 3
C. x = 4, y = 2
D. x = 6, y = 0
Correct Answer
B
Correct Option:
x = 3, y = 3

About This Question

This is Post Utme Ims U 2024 Economics Question 8. It is one of the objective questions from the 2024 Post Utme Ims U Economics examination.

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