Post Utme Crawford University 2020 Economics Question 34
Practice objective / multiple choice question 34 from the 2020 Post Utme Crawford University Economics examination.
A consumer has a budget of ₦1000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the two goods are ₦5 and ₦10 respectively, find the optimal quantities of the two goods that maximize the consumer's utility.
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About This Question
This is Post Utme Crawford University 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Crawford University Economics examination.
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