Post Utme Unn 2021 Economics Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 12 POST_UTME_UNN • 2021 • ECONOMICS • objective

A consumer's utility function is given by U = 2x + 3y. If the consumer's budget constraint is given by 2x + 3y = 12, what is the consumer's optimal bundle of x and y?

Answer Options

Correct Answer A. x = 2, y = 4
B. x = 4, y = 2
C. x = 3, y = 3
D. x = 1, y = 5
Correct Answer
A
Correct Option:
x = 2, y = 4

About This Question

This is Post Utme Unn 2021 Economics Question 12. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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