Post Utme Rsu 2017 Economics Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Rsu Economics examination.

Post Utme Rsu 2017 Economics Objective / Multiple Choice

Question 8 POST_UTME_RSU • 2017 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y, where x is the number of units of good X and y is the number of units of good Y. If the consumer's budget constraint is 2x + 3y = 12, find the optimal values of x and y.

A. x = 2, y = 4

B. x = 3, y = 3

Correct Answer C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 4, y = 2

This is Post Utme Rsu 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Rsu Economics examination.

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