Post Utme Bowen University 2019 Economics Question 23
Practice objective / multiple choice question 23 from the 2019 Post Utme Bowen University Economics examination.
A consumer has a utility function given by U = 2X + 3Y, where X and Y are the quantities of two goods consumed. If the prices of the goods are $2 and $3 respectively, and the consumer has a budget of $10, what is the optimal bundle of goods?
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About This Question
This is Post Utme Bowen University 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Bowen University Economics examination.
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