Post Utme Joseph Ayo Babalola University 2023 Economics Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2023 Economics Objective / Multiple Choice

Question 30 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Economics Question 30. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Economics examination.

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