Post Utme Covenant University 2023 Economics Question 19
Practice objective / multiple choice question 19 from the 2023 Post Utme Covenant University Economics examination.
A consumer is faced with the following utility function: U(x,y) = 2x + 3y. The consumer's income is ₦1,000 and the prices of x and y are ₦10 and ₦20 respectively. What is the consumer's optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Covenant University 2023 Economics Question 19. 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.