Post Utme Babcock University 2018 Economics Question 39
Practice objective / multiple choice question 39 from the 2018 Post Utme Babcock University Economics examination.
A consumer's indifference curve is represented by the equation u(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦100 and the prices of the two goods are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Babcock University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Babcock University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.