Post Utme Caleb University 2021 Economics Question 19
Practice objective / multiple choice question 19 from the 2021 Post Utme Caleb University Economics examination.
A consumer has the following utility function: \( U = 2x + 3y \), where x and y are the quantities of goods X and Y respectively. If the prices of goods X and Y are ₦20 and ₦30 respectively, and the consumer's income is ₦100, what is the optimal consumption bundle?
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About This Question
This is Post Utme Caleb University 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Caleb University Economics examination.
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