Post Utme Abu 2019 Commerce Question 10
Practice objective / multiple choice question 10 from the 2019 Post Utme Abu Commerce examination.
A consumer has a utility function of U(x, y) = 2x + 3y, where x and y are the quantities of two goods. If the consumer has a budget of 100 and the prices of the goods are 20 and 30 respectively, what is the optimal bundle of goods?
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About This Question
This is Post Utme Abu 2019 Commerce Question 10. It is one of the objective questions from the 2019 Post Utme Abu Commerce examination.
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