Post Utme Lasu 2017 Commerce Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Lasu Commerce examination.

Post Utme Lasu 2017 Commerce Objective / Multiple Choice
Question 37 POST_UTME_LASU • 2017 • COMMERCE • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's current budget constraint is 4x + 2y = 20, what is the consumer's optimal bundle?

Answer Options

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

About This Question

This is Post Utme Lasu 2017 Commerce Question 37. It is one of the objective questions from the 2017 Post Utme Lasu Commerce examination.

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