Post Utme Rsu 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Rsu Economics examination.

Post Utme Rsu 2023 Economics Objective / Multiple Choice

Question 4 POST_UTME_RSU • 2023 • ECONOMICS • objective

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

A. x = 2, y = 4

Correct Answer B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 3, y = 3

This is Post Utme Rsu 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Rsu Economics examination.

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