Post Utme Babcock University 2018 Economics Question 1
Practice objective / multiple choice question 1 from the 2018 Post Utme Babcock University Economics examination.
A consumer's indifference curve is represented by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of x and y?
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This is Post Utme Babcock University 2018 Economics Question 1. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.
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