Post Utme Ims U 2025 Economics Question 37

Practice objective / multiple choice question 37 from the 2025 Post Utme Ims U Economics examination.

Post Utme Ims U 2025 Economics Objective / Multiple Choice

Question 37 POST_UTME_IMS_U • 2025 • ECONOMICS • objective

A consumer's utility function is given by u(x, y) = 2x + y, where x is the quantity of good x and y is the quantity of good y. If the consumer's budget constraint is given by 2x + 3y = 18, what is the optimal bundle of goods?

A. x = 3, y = 6

Correct Answer B. x = 4, y = 4

C. x = 5, y = 3

D. x = 6, y = 2

Correct Answer

Correct Option:

x = 4, y = 4

This is Post Utme Ims U 2025 Economics Question 37. It is one of the objective questions from the 2025 Post Utme Ims U Economics examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support