Post Utme Caleb University 2019 Economics Question 39
Practice objective / multiple choice question 39 from the 2019 Post Utme Caleb University Economics examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: Good X \costs ₦200 and Good Y \costs ₦300. If the consumer's indifference curve is given by the equation U = 2X + 3Y, where U is the utility and X and Y are the quantities of the two goods, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Caleb University 2019 Economics Question 39. It is one of the objective questions from the 2019 Post Utme Caleb University Economics examination.
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