Post Utme Lautech 2018 Commerce Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Lautech Commerce examination.

Post Utme Lautech 2018 Commerce Objective / Multiple Choice
Question 22 POST_UTME_LAUTECH • 2018 • COMMERCE • objective

A consumer's budget constraint is given by P_x x + P_y y = I. If the consumer's current prices are P_x = ₦2 and P_y = ₦3, and the consumer's income is ₦12, what is the consumer's optimal bundle?

Answer Options

A. (2, 4)
Correct Answer B. (3, 3)
C. (4, 2)
D. (5, 1)
Correct Answer
B
Correct Option:
(3, 3)

About This Question

This is Post Utme Lautech 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.

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