Post Utme Osustech 2023 Economics Question 31

Practice objective / multiple choice question 31 from the 2023 Post Utme Osustech Economics examination.

Post Utme Osustech 2023 Economics Objective / Multiple Choice

Question 31 POST_UTME_OSUSTECH • 2023 • ECONOMICS • objective

A consumer's budget constraint is given by 2X + 3Y = 12. The consumer's indifference curve is given by U = 2X + 3Y. What is the consumer's optimal bundle of X and Y?

Answer Options

A. X = 2, Y = 2

Correct Answer B. X = 3, Y = 1

C. X = 1, Y = 4

D. X = 4, Y = 1

Correct Answer

Correct Option:

X = 3, Y = 1

About This Question

This is Post Utme Osustech 2023 Economics Question 31. It is one of the objective questions from the 2023 Post Utme Osustech Economics examination.

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