Post Utme Mountain Top University 2025 Economics Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Mountain Top University Economics examination.

Post Utme Mountain Top University 2025 Economics Objective / Multiple Choice
Question 12 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's budget constraint is 2x + 3y = 12, 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 = 3, y = 3
D. x = 1, y = 1
Correct Answer
A
Correct Option:
x = 2, y = 4

About This Question

This is Post Utme Mountain Top University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Mountain Top University Economics examination.

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