Post Utme Unilag 2021 Economics Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Unilag Economics examination.

Post Utme Unilag 2021 Economics Objective / Multiple Choice
Question 35 POST_UTME_UNILAG • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12, where x and y are the quantities of two goods consumed. Find the consumer's optimal bundle of goods.

Answer Options

A. x = 3, y = 0
B. x = 0, y = 4
Correct Answer C. x = 2, y = 2
D. x = 4, y = 0
Correct Answer
C
Correct Option:
x = 2, y = 2

About This Question

This is Post Utme Unilag 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.

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