Post Utme Wellspring University 2021 Economics Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Wellspring University Economics examination.

Post Utme Wellspring University 2021 Economics Objective / Multiple Choice

Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • ECONOMICS • objective

A consumer's budget constraint is given by 2x + 3y = 12. If the consumer's indifference curve is given by u(x, y) = 2x + y, what is the consumer's optimal bundle?

Answer Options

A. x = 2, y = 4

Correct Answer B. x = 3, y = 3

C. x = 4, y = 2

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 3, y = 3

About This Question

This is Post Utme Wellspring University 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Wellspring University Economics examination.

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