Post Utme Joseph Ayo Babalola University 2025 Economics Question 27

Practice objective / multiple choice question 27 from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2025 Economics Objective / Multiple Choice
Question 27 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ECONOMICS • objective

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

Answer Options

A. 2
B. 4
Correct Answer C. 6
D. 8
Correct Answer
C
Correct Option:
6

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Economics examination.

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