Post Utme Christopher University 2018 Economics Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Christopher University Economics examination.
A consumer's utility function is given by U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget is ₦100 and the prices of the two goods are ₦5 and ₦10 respectively, find the optimal quantities of the two goods.
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About This Question
This is Post Utme Christopher University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Christopher University Economics examination.
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