Post Utme Bells University 2020 Economics Question 32
Practice objective / multiple choice question 32 from the 2020 Post Utme Bells University Economics examination.
A consumer has a utility function U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 10x + 5y = 50, and the prices of the two goods are $2 and $5 respectively, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Bells University 2020 Economics Question 32. It is one of the objective questions from the 2020 Post Utme Bells 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.