Post Utme Uniosun 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2020 Economics Objective / Multiple Choice

Question 34 POST_UTME_UNIOSUN • 2020 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. The consumer's budget constraint is given by 2x + 3y = 12. What is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. x = 2, y = 4

B. x = 4, y = 2

C. x = 6, y = 0

D. x = 0, y = 6

Correct Answer

Correct Option:

x = 2, y = 4

About This Question

This is Post Utme Uniosun 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Uniosun Economics examination.

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