Post Utme Lautech 2020 Economics Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Lautech Economics examination.

Post Utme Lautech 2020 Economics Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2020 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = 24. The consumer's indifference curve is given by U = X^0.5Y^0.5. What is the consumer's optimal bundle?

Answer Options

Correct Answer A. (4, 4)
B. (6, 2)
C. (8, 0)
D. (0, 8)
Correct Answer
A
Correct Option:
(4, 4)

About This Question

This is Post Utme Lautech 2020 Economics Question 8. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.

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