Post Utme Coal City University 2018 Commerce Question 14
Practice objective / multiple choice question 14 from the 2018 Post Utme Coal City University Commerce examination.
A consumer has a utility function U = 2A + 3B, where A and B are the quantities of two goods consumed. If the consumer spends all their budget of ₦1000 on the two goods, and the prices of the goods are ₦200 and ₦300 respectively, what is the maximum utility the consumer can achieve?
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About This Question
This is Post Utme Coal City University 2018 Commerce Question 14. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.
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