Post Utme Caleb University 2022 Commerce Question 28
Practice objective / multiple choice question 28 from the 2022 Post Utme Caleb University Commerce examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: x and y. The budget constraint is given by 2x + 3y = 1000. If the consumer's indifference curve is given by U(x,y) = 2x + 3y, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Caleb University 2022 Commerce Question 28. It is one of the objective questions from the 2022 Post Utme Caleb University Commerce examination.
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