Post Utme Covenant University 2025 Economics Question 27
Practice objective / multiple choice question 27 from the 2025 Post Utme Covenant University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where U is the utility and x and y are the quantities of two goods. If the consumer's budget constraint is 100 and the prices of the two goods are 2 and 3 respectively, what is the consumer's optimal consumption bundle?
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This is Post Utme Covenant University 2025 Economics Question 27. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.
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