Post Utme Crawford University 2017 Economics Question 25
Practice objective / multiple choice question 25 from the 2017 Post Utme Crawford University Economics examination.
A consumer has a utility function U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 100, and the prices of the two goods are p_x = 5 and p_y = 3, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Crawford University 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.
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