Post Utme Coal City University 2021 Economics Question 20
Practice objective / multiple choice question 20 from the 2021 Post Utme Coal City 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 income is ₦1,000 and the prices of the two goods are ₦50 and ₦75 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Coal City University 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Coal City University Economics examination.
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