Post Utme Afe Babalola University 2025 Economics Question 12
Practice objective / multiple choice question 12 from the 2025 Post Utme Afe Babalola University Economics examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: Good X is priced at ₦200 and Good Y is priced at ₦300. If the consumer's utility function is given by U = 2X + 3Y, determine the optimal bundle of goods that maximizes utility.
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This is Post Utme Afe Babalola University 2025 Economics Question 12. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.
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