Post Utme Bsu 2021 Economics Question 37
Practice objective / multiple choice question 37 from the 2021 Post Utme Bsu Economics examination.
A consumer has a utility function U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 10x + 5y = 50, and the prices of the two goods are p_x = 2 and p_y = 5, respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Bsu 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Bsu Economics examination.
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