Post Utme Redeemers University 2017 Economics Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2017 Economics Objective / Multiple Choice
Question 14 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ECONOMICS • objective

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

Answer Options

Correct Answer A. x = 3, y = 4
B. x = 4, y = 3
C. x = 6, y = 2
D. x = 2, y = 6
Correct Answer
A
Correct Option:
x = 3, y = 4

About This Question

This is Post Utme Redeemers University 2017 Economics Question 14. It is one of the objective questions from the 2017 Post Utme Redeemers University Economics examination.

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