Post Utme Caleb University 2024 Economics Question 12
Practice objective / multiple choice question 12 from the 2024 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 prices of the two goods are ₦50 and ₦75 respectively, and if the consumer's budget constraint is given by 50x + 75y = ₦150, what is the consumer's optimal bundle of goods?
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This is Post Utme Caleb University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Caleb University Economics examination.
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