Post Utme Ui 2018 Economics Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Ui Economics examination.

Post Utme Ui 2018 Economics Objective / Multiple Choice

Question 4 POST_UTME_UI • 2018 • ECONOMICS • objective

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

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 2018 Economics Question 4. It is one of the objective questions from the 2018 Post Utme Ui Economics examination.

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