Post Utme Noun 2023 Economics Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Noun Economics examination.

Post Utme Noun 2023 Economics Objective / Multiple Choice

Question 20 POST_UTME_NOUN • 2023 • ECONOMICS • objective

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

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 2, y = 4

This is Post Utme Noun 2023 Economics Question 20. It is one of the objective questions from the 2023 Post Utme Noun Economics examination.

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