Post Utme Madonna University 2019 Economics Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2019 Economics Objective / Multiple Choice

Question 13 POST_UTME_MADONNA_UNIVERSITY • 2019 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 6, y = 0

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Madonna University 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.

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