Post Utme Afe Babalola University 2018 Economics Question 14
Practice objective / multiple choice question 14 from the 2018 Post Utme Afe Babalola University Economics examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: Good A \costs ₦200 per unit and Good B \costs ₦300 per unit. If the consumer's utility function is given by U = 2x + 3y, where x is the quantity of Good A and y is the quantity of Good B, find the consumer's optimal consumption bundle.
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This is Post Utme Afe Babalola University 2018 Economics Question 14. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.
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