Post Utme Bowen University 2024 Commerce Question 20
Practice objective / multiple choice question 20 from the 2024 Post Utme Bowen University Commerce examination.
A consumer has a budget of ₦1000 and faces the following prices: ( P_x = 2x + 5 ) and ( P_y = 3y + 2 ). The consumer's utility function is given by ( U = 2x + 3y ). What is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Bowen University 2024 Commerce Question 20. It is one of the objective questions from the 2024 Post Utme Bowen University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.