Post Utme Afe Babalola University 2019 Economics Question 29
Practice objective / multiple choice question 29 from the 2019 Post Utme Afe Babalola University Economics examination.
A consumer has a budget of $100 and faces the following prices: good A = $20, good B = $30, and good C = $40. If the consumer's indifference curves are given by U = 2x + 3y, where x and y are the quantities of goods A and B respectively, and the consumer's income is $100, what is the optimal combination of goods A and B?
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This is Post Utme Afe Babalola University 2019 Economics Question 29. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Economics examination.
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