Post Utme Bowen University 2022 Economics Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Bowen University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x is the number of units of good X consumed and y is the number of units of good Y consumed. If the consumer's income is ₦100 and the prices of good X and good Y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?
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This is Post Utme Bowen University 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Bowen University Economics examination.
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