Post Utme Coal City University 2020 Economics Question 17
Practice objective / multiple choice question 17 from the 2020 Post Utme Coal City 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 prices of the two goods are ₦50 and ₦75 respectively, and the consumer's income is ₦1500, determine the optimal quantities of the two goods to consume.
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About This Question
This is Post Utme Coal City University 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.
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