Post Utme Redeemers University 2021 Commerce Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2021 Commerce Objective / Multiple Choice
Question 18 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • COMMERCE • objective

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

Answer Options

Correct Answer A. (2, 4)
B. (4, 2)
C. (6, 0)
D. (0, 6)
Correct Answer
A
Correct Option:
(2, 4)

About This Question

This is Post Utme Redeemers University 2021 Commerce Question 18. It is one of the objective questions from the 2021 Post Utme Redeemers University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support