Post Utme Rsu 2020 Economics Question 7

Practice objective / multiple choice question 7 from the 2020 Post Utme Rsu Economics examination.

Post Utme Rsu 2020 Economics Objective / Multiple Choice

Question 7 POST_UTME_RSU • 2020 • ECONOMICS • objective

A consumer has a utility function given by ( u(x,y) = 2x + 3y ). If the consumer's budget constraint is \( 2x + 3y = 12 \), find the consumer's optimal bundle of x and y.

Correct Answer A. \( x = 2, y = 4 \)

B. \( x = 4, y = 2 \)

C. \( x = 3, y = 3 \)

D. \( x = 1, y = 5 \)

Correct Answer

Correct Option:

\( x = 2, y = 4 \)

This is Post Utme Rsu 2020 Economics Question 7. It is one of the objective questions from the 2020 Post Utme Rsu Economics examination.

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