Post Utme Al Hikmah University 2021 Economics Question 11
Practice objective / multiple choice question 11 from the 2021 Post Utme Al Hikmah University Economics examination.
A consumer's indifference curve is represented by the equation u(x,y) = 2x + 3y. If the consumer's initial \endowment is (x0,y0) = (10,20), and the price of x is ₦5 and the price of y is ₦3, what is the consumer's optimal bundle?
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This is Post Utme Al Hikmah University 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Al Hikmah University Economics examination.
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