Post Utme Osustech 2018 Economics Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice
Question 35 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

A consumer's utility function is given by u(x,y) = 2x + 3y, where x is the quantity of good x and y is the quantity of good y. 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 35. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

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