Post Utme Ui 2017 Economics Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Ui Economics examination.

Post Utme Ui 2017 Economics Objective / Multiple Choice

Question 22 POST_UTME_UI • 2017 • ECONOMICS • objective

A consumer's utility function is given by ( U(x,y) = 2x + 3y ). If the consumer's budget constraint is given by \( 2x + 3y = 12 \), find 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 Ui 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.

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