Post Utme Covenant University 2023 Economics Question 15
Practice objective / multiple choice question 15 from the 2023 Post Utme Covenant University Economics examination.
A consumer has a utility function of U(x,y) = 2x + 3y. If the prices of x and y are ₦50 and ₦100 respectively, and the consumer's income is ₦1000, what is the optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Covenant University 2023 Economics Question 15. It is one of the objective questions from the 2023 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.