Post Utme Christopher University 2022 Economics Question 9
Practice objective / multiple choice question 9 from the 2022 Post Utme Christopher University Economics examination.
A consumer has a budget of ₦10,000 per month and a utility function given by 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 per unit respectively, and the consumer allocates ₦4,000 to good x, how much should be allocated to good y?
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About This Question
This is Post Utme Christopher University 2022 Economics Question 9. It is one of the objective questions from the 2022 Post Utme Christopher University Economics examination.
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