Post Utme Bells University 2017 Economics Question 7
Practice objective / multiple choice question 7 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 consumed. If the consumer has a budget constraint of 100, and the prices of the two goods are 2 and 3 respectively, find the optimal quantities of the two goods to consume.
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About This Question
This is Post Utme Bells University 2017 Economics Question 7. It is one of the objective questions from the 2017 Post Utme Bells University Economics examination.
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