Post Utme Redeemers University 2019 Economics Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2019 Economics Objective / Multiple Choice
Question 19 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ECONOMICS • objective

A consumer's indifference curve is given by the equation U = 2x + 3y. If the consumer's budget constraint is given by the equation 2x + 3y = 12, and if the consumer wants to maximize his utility, what is the optimal combination of x and y?

Answer Options

Correct Answer A. x = 2, y = 4
B. x = 4, y = 2
C. x = 6, y = 0
D. x = 0, y = 6
Correct Answer
A
Correct Option:
x = 2, y = 4

About This Question

This is Post Utme Redeemers University 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Redeemers University Economics examination.

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