Post Utme Osustech 2020 Economics Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Osustech Economics examination.

Post Utme Osustech 2020 Economics Objective / Multiple Choice

Question 14 POST_UTME_OSUSTECH • 2020 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is 2x + 3y = 12, what is the optimal bundle of x and y?

Answer Options

A. x = 2, y = 4

Correct Answer B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 3, y = 3

About This Question

This is Post Utme Osustech 2020 Economics Question 14. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.

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