Post Utme Afe Babalola University 2018 Economics Question 39
Practice objective / multiple choice question 39 from the 2018 Post Utme Afe Babalola University Economics examination.
A consumer has a budget of $100 and is choo\sing between two goods, A and B. The price of good A is $20 and the price of good B is $30. 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. What is the consumer's optimal consumption bundle?
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This is Post Utme Afe Babalola University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.
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