Post Utme Christopher University 2022 Economics Question 18
Practice objective / multiple choice question 18 from the 2022 Post Utme Christopher 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 ₦100 and the prices of the two goods are ₦5 and ₦10 respectively, what is the optimal combination of x and y that maximizes the consumer's utility?
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About This Question
This is Post Utme Christopher University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.
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