Post Utme Veritas University 2017 Commerce Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2017 Commerce Objective / Multiple Choice
Question 8 POST_UTME_VERITAS_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's budget constraint is given by 2x + 3y = 18. If the consumer's current income is 18 and the price of good x is 2, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. (3, 6)
B. (6, 3)
C. (9, 0)
D. (0, 9)
Correct Answer
A
Correct Option:
(3, 6)

About This Question

This is Post Utme Veritas University 2017 Commerce Question 8. It is one of the objective questions from the 2017 Post Utme Veritas University Commerce examination.

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