Post Utme Osustech 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y = 12. If the consumer's income is ₦1200 and the price of good x is ₦4, find the consumer's optimal bundle of goods x and y.

Answer Options

Correct Answer A. (15, 12)
B. (20, 8)
C. (18, 10)
D. (12, 15)
Correct Answer
A
Correct Option:
(15, 12)

About This Question

This is Post Utme Osustech 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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