Post Utme Osustech 2022 Economics Question 9

Practice objective / multiple choice question 9 from the 2022 Post Utme Osustech Economics examination.

Post Utme Osustech 2022 Economics Objective / Multiple Choice
Question 9 POST_UTME_OSUSTECH • 2022 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 3, y = 2
B. x = 2, y = 3
C. x = 1, y = 4
D. x = 4, y = 1
Correct Answer
A
Correct Option:
x = 3, y = 2

About This Question

This is Post Utme Osustech 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Osustech Economics examination.

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