Post Utme Al Hikmah University 2022 Commerce Question 25
Practice objective / multiple choice question 25 from the 2022 Post Utme Al Hikmah University Commerce examination.
A consumer has a utility function given by U = 2x + 3y. If the consumer's income is 100 units of currency and the prices of the two goods are 5 units and 10 units respectively, what is the consumer's optimal consumption bundle?
Answer Options
About This Question
This is Post Utme Al Hikmah University 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.