Post Utme Caleb University 2023 Economics Question 1
Practice objective / multiple choice question 1 from the 2023 Post Utme Caleb University Economics examination.
A consumer's indifference curve is represented by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the optimal bundle of x and y that the consumer will choose?
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This is Post Utme Caleb University 2023 Economics Question 1. It is one of the objective questions from the 2023 Post Utme Caleb University Economics examination.
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