Post Utme Christopher University 2017 Commerce Question 7
Practice objective / multiple choice question 7 from the 2017 Post Utme Christopher University Commerce examination.
A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are 2 and 3 respectively, and the consumer's income is 12, what is the optimal bundle of goods that the consumer will purchase?
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This is Post Utme Christopher University 2017 Commerce Question 7. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.
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