Post Utme Afe Babalola University 2024 Economics Question 2
Practice objective / multiple choice question 2 from the 2024 Post Utme Afe Babalola University Economics examination.
A consumer's utility function is given by ( U(x,y) = 2x + 3y ), where x and y are the quantities of two goods consumed. If the consumer's income is ₦100,000 and the prices of the two goods are ₦20,000 and ₦30,000 respectively, what is the consumer's optimal bundle of goods?
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This is Post Utme Afe Babalola University 2024 Economics Question 2. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.
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