Post Utme Afe Babalola University 2025 Economics Question 7
Practice objective / multiple choice question 7 from the 2025 Post Utme Afe Babalola University Economics examination.
A consumer's utility function is given by U(x,y) = 2x + 3y, where x is the number of units of good X and y is the number of units of good Y. If the consumer has a budget of ₦100 and the prices of good X and good Y are ₦5 and ₦3 respectively, what is the optimal consumption bundle?
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This is Post Utme Afe Babalola University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Afe Babalola University Economics examination.
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