Post Utme Covenant University 2018 Economics Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Covenant University Economics examination.
A consumer has a utility function given by U(X,Y) = 2X + 3Y, where X is the quantity of good X and Y is the quantity of good Y. If the consumer's budget constraint is given by P_X X + P_Y Y = 100, where P_X and P_Y are the prices of goods X and Y, respectively, and P_X = 2P_Y, what is the consumer's optimal bundle of goods X and Y?
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About This Question
This is Post Utme Covenant University 2018 Economics Question 17. It is one of the objective questions from the 2018 Post Utme Covenant University Economics examination.
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