Post Utme Osustech 2018 Economics Question 36

Practice objective / multiple choice question 36 from the 2018 Post Utme Osustech Economics examination.

Post Utme Osustech 2018 Economics Objective / Multiple Choice

Question 36 POST_UTME_OSUSTECH • 2018 • ECONOMICS • objective

Consider a consumer with a utility function U(x, y) = 2x^0.5y^0.5. If the consumer's budget constraint is given by 2x + 3y = 12, find the optimal values of x and y u\sing the method of Lagrange multipliers.

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 3, y = 3

D. x = 1, y = 6

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Osustech 2018 Economics Question 36. It is one of the objective questions from the 2018 Post Utme Osustech Economics examination.

View More Post Utme Osustech 2018 Economics Questions More Post Utme Osustech Practice Questions Back to Questions

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