Post Utme Lasu 2018 Economics Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Lasu Economics examination.

Post Utme Lasu 2018 Economics Objective / Multiple Choice
Question 15 POST_UTME_LASU • 2018 • ECONOMICS • objective

A consumer's budget constraint is given by the equation 2x + 3y = 12, where x is the number of units of good X and y is the number of units of good Y. If the consumer's utility function is given by the equation U(x, y) = 2x + 3y, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. 2, 2
B. 3, 1
C. 4, 0
D. 1, 3
Correct Answer
A
Correct Option:
2, 2

About This Question

This is Post Utme Lasu 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.

Master the Exam!

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