Post Utme Rsu 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Rsu Economics examination.

Post Utme Rsu 2021 Economics Objective / Multiple Choice

Question 37 POST_UTME_RSU • 2021 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 2x + 3y = 12, find the optimal values of x and y.

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

This is Post Utme Rsu 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Rsu Economics examination.

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