Post Utme Abu 2017 Economics Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Abu Economics examination.
A consumer has the following utility function: U(x, y) = 2x + 3y. If the prices of x and y are ₦10 and ₦20 respectively, and the consumer has a budget of ₦100, determine the optimal consumption bundle.
Answer Options
About This Question
This is Post Utme Abu 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.