Post Utme Skyline University 2018 Economics Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2018 Economics Objective / Multiple Choice

Question 22 POST_UTME_SKYLINE_UNIVERSITY • 2018 • 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.

Answer Options

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

About This Question

This is Post Utme Skyline University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Skyline University Economics examination.

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