Post Utme Madonna University 2017 Economics Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2017 Economics Objective / Multiple Choice
Question 32 POST_UTME_MADONNA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 2x + 3y = 12, and the price of good x is 2, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 2, y = 4
B. x = 4, y = 2
C. x = 6, y = 0
D. x = 0, y = 6
Correct Answer
A
Correct Option:
x = 2, y = 4

About This Question

This is Post Utme Madonna University 2017 Economics Question 32. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.

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