Post Utme Lasu 2023 Economics Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice

Question 18 POST_UTME_LASU • 2023 • ECONOMICS • objective

A consumer has the following utility function: U = 2x + 3y. The budget constraint is 2x + 3y = 12. What is the consumer's optimal bundle?

A. x = 2, y = 4

Correct Answer B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 3, y = 3

This is Post Utme Lasu 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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