Post Utme Afe Babalola University 2021 Commerce Question 39
Practice objective / multiple choice question 39 from the 2021 Post Utme Afe Babalola University Commerce examination.
A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦3 respectively, and the consumer's income is ₦100, what is the optimal bundle of x and y?
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This is Post Utme Afe Babalola University 2021 Commerce Question 39. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Commerce examination.
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