Post Utme Bells University 2017 Economics Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Bells University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the optimal bundle of goods that the consumer will choose?
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About This Question
This is Post Utme Bells University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Bells University Economics examination.
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