Post Utme Caleb University 2024 Commerce Question 7
Practice objective / multiple choice question 7 from the 2024 Post Utme Caleb University Commerce examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. 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?
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This is Post Utme Caleb University 2024 Commerce Question 7. It is one of the objective questions from the 2024 Post Utme Caleb University Commerce examination.
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