Post Utme Redeemers University 2021 Economics Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2021 Economics Objective / Multiple Choice

Question 17 POST_UTME_REDEEMERS_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer has the following indifference curve: U = 2x + 3y. If the budget constraint is given by 2x + 3y = 12, what is the optimal combination of x and y that the consumer should choose?

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Redeemers University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.

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