Post Utme Al Hikmah University 2022 Economics Question 34
Practice objective / multiple choice question 34 from the 2022 Post Utme Al Hikmah University Economics examination.
A consumer has a budget of ₦1,000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the goods are ₦5 and ₦10 respectively, calculate the consumer's optimal bundle of goods.
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This is Post Utme Al Hikmah University 2022 Economics Question 34. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Economics examination.
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