Post Utme Oau 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_OAU • 2018 • COMMERCE • objective

A consumer's indifference curve is given by U = 2X + 3Y. If the consumer's budget constraint is given by 2X + 3Y = 12, what is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (2, 4)
B. (4, 2)
C. (6, 0)
D. (0, 6)
Correct Answer
A
Correct Option:
(2, 4)

About This Question

This is Post Utme Oau 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Oau Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support