Post Utme Caleb University 2022 Economics Question 13
Practice objective / multiple choice question 13 from the 2022 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 income is ₦1000, and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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This is Post Utme Caleb University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.
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