Post Utme Covenant University 2021 Economics Question 35
Practice objective / multiple choice question 35 from the 2021 Post Utme Covenant University Economics examination.
A consumer has a budget of ₦100 and faces the following prices for two goods: Good A \costs ₦20 per unit and Good B \costs ₦30 per unit. If the consumer's indifference curve is given by the equation U = 2x + 3y, where x and y are the quantities of Good A and Good B respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Covenant University 2021 Economics Question 35. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.
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