Post Utme Bowen University 2021 Economics Question 27
Practice objective / multiple choice question 27 from the 2021 Post Utme Bowen University Economics examination.
A consumer has a utility function given by U(x,y) = 2x + 3y. If the consumer's budget constraint is 2x + 3y = 30, and the prices of x and y are 5 and 10 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Bowen University 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Bowen University Economics examination.
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