Post Utme Lasu 2023 Economics Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Lasu Economics examination.

Post Utme Lasu 2023 Economics Objective / Multiple Choice

Question 22 POST_UTME_LASU • 2023 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation ( U(x,y) = 2x + 3y ). If the consumer's budget constraint is \( 2x + 3y = 12 \), what is the consumer's optimal bundle?

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 3, y = 3

D. x = 1, y = 5

Correct Answer

Correct Option:

x = 2, y = 4

This is Post Utme Lasu 2023 Economics Question 22. It is one of the objective questions from the 2023 Post Utme Lasu Economics examination.

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