Post Utme Nile University 2021 Economics Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Nile University Economics examination.

Post Utme Nile University 2021 Economics Objective / Multiple Choice

Question 32 POST_UTME_NILE_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 4x + 2y = 12, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. x = 2, y = 3

B. x = 3, y = 2

C. x = 4, y = 1

D. x = 1, y = 4

Correct Answer

Correct Option:

x = 2, y = 3

About This Question

This is Post Utme Nile University 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Nile University Economics examination.

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