Post Utme Bowen University 2018 Commerce Question 3
Practice objective / multiple choice question 3 from the 2018 Post Utme Bowen University Commerce examination.
A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y. If the consumer's income is 100 units, and the prices of x and y are 5 units and 10 units respectively, what is the consumer's optimal bundle?
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This is Post Utme Bowen University 2018 Commerce Question 3. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.
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