Post Utme Covenant University 2021 Economics Question 17
Practice objective / multiple choice question 17 from the 2021 Post Utme Covenant University Economics examination.
A consumer's indifference curve is represented by the equation u(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?
Answer Options
About This Question
This is Post Utme Covenant University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.