Post Utme Caleb University 2021 Economics Question 7
Practice objective / multiple choice question 7 from the 2021 Post Utme Caleb University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 4x + 2y = 12, and the prices of the two goods are $2 and $3 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Caleb University 2021 Economics Question 7. It is one of the objective questions from the 2021 Post Utme Caleb University Economics examination.
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