Post Utme Caleb University 2025 Economics Question 28
Practice objective / multiple choice question 28 from the 2025 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 ₦50 and ₦75 respectively, what is the consumer's optimal bundle of goods?
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This is Post Utme Caleb University 2025 Economics Question 28. It is one of the objective questions from the 2025 Post Utme Caleb University Economics examination.
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