Post Utme Skyline University 2020 Economics Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2020 Economics Objective / Multiple Choice

Question 24 POST_UTME_SKYLINE_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12. If the consumer's utility function is U = x + 2y, find the consumer's optimal quantities of x and y.

Answer Options

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

About This Question

This is Post Utme Skyline University 2020 Economics Question 24. It is one of the objective questions from the 2020 Post Utme Skyline University Economics examination.

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