Post Utme Noun 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12, where x is the quantity of good X and y is the quantity of good Y. If the consumer's indifference curve is given by u = 2x + 3y, what is the consumer's optimal bundle?

Answer Options

Correct Answer A. (2, 2)
B. (3, 1)
C. (4, 0)
D. (0, 4)
Correct Answer
A
Correct Option:
(2, 2)

About This Question

This is Post Utme Noun 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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