Post Utme Christopher University 2018 Commerce Question 19
Practice objective / multiple choice question 19 from the 2018 Post Utme Christopher University Commerce examination.
A consumer has a budget of ₦1000 and faces the following price schedule: good A: ₦200, good B: ₦300. If the consumer's indifference curves are convex to the origin and the budget constraint is given by the equation 2x + 3y = 10, where x is the quantity of good A consumed and y is the quantity of good B consumed, what is the consumer's optimal consumption bundle?
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This is Post Utme Christopher University 2018 Commerce Question 19. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.
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