Post Utme Uniben 2024 Economics Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Uniben Economics examination.

Post Utme Uniben 2024 Economics Objective / Multiple Choice
Question 40 POST_UTME_UNIBEN • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by the equation: 2x + 3y = 12, where x and y are the quantities of two goods. If the consumer's income is ₦12 and the prices of the two goods are ₦2 and ₦3 respectively, what is the consumer's optimal bundle of goods?

Answer Options

A. x = 2, y = 4
Correct Answer B. x = 4, y = 2
C. x = 6, y = 0
D. x = 0, y = 6
Correct Answer
B
Correct Option:
x = 4, y = 2

About This Question

This is Post Utme Uniben 2024 Economics Question 40. It is one of the objective questions from the 2024 Post Utme Uniben Economics examination.

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