Post Utme Lead City University 2018 Economics Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2018 Economics Objective / Multiple Choice
Question 23 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

Correct Answer A. (3, 6)
B. (4, 4)
C. (6, 2)
D. (8, 0)
Correct Answer
A
Correct Option:
(3, 6)

About This Question

This is Post Utme Lead City University 2018 Economics Question 23. It is one of the objective questions from the 2018 Post Utme Lead City University Economics examination.

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