Post Utme Lead City University 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Lead City University Economics examination.

Post Utme Lead City University 2025 Economics Objective / Multiple Choice
Question 30 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • ECONOMICS • objective

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

Answer Options

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

About This Question

This is Post Utme Lead City University 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Lead City University Economics examination.

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