Post Utme Afe Babalola University 2019 Economics Question 14
Practice objective / multiple choice question 14 from the 2019 Post Utme Afe Babalola University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦100 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Afe Babalola University 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.