Post Utme Crawford University 2017 Economics Question 28
Practice objective / multiple choice question 28 from the 2017 Post Utme Crawford University Economics examination.
A consumer has a utility function U(x, y) = 3x + 2y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 120, and the prices of the two goods are p_x = 4 and p_y = 2, 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 28. It is one of the objective questions from the 2017 Post Utme Crawford University Economics examination.
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