Post Utme Covenant University 2024 Commerce Question 3
Practice objective / multiple choice question 3 from the 2024 Post Utme Covenant University Commerce examination.
A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. The consumer's indifference curves are given by the equation ( U = 2A + 3B ). Find the consumer's optimal consumption bundle.
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This is Post Utme Covenant University 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.
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