Post Utme Afe Babalola University 2023 Commerce Question 35
Practice objective / multiple choice question 35 from the 2023 Post Utme Afe Babalola University Commerce examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by 2x + 3y = 100, and the consumer wants to maximize their utility, what is the optimal quantity of good x and good y?
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This is Post Utme Afe Babalola University 2023 Commerce Question 35. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Commerce examination.
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