Post Utme Crawford University 2017 Economics Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Crawford University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are $2 and $3 respectively, and the consumer's income is $15, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Crawford University 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Crawford 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.