Post Utme Noun 2024 Economics Question 7

Practice objective / multiple choice question 7 from the 2024 Post Utme Noun Economics examination.

Post Utme Noun 2024 Economics Objective / Multiple Choice
Question 7 POST_UTME_NOUN • 2024 • ECONOMICS • objective

A consumer's utility function is given by U(x,y) = 2x + 3y. The budget constraint is 2x + 3y = 12. Find the consumer's optimal bundle of x and y.

Answer Options

Correct Answer A. (2,4)
B. (4,2)
C. (3,3)
D. (1,5)
Correct Answer
A
Correct Option:
(2,4)

About This Question

This is Post Utme Noun 2024 Economics Question 7. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.

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