Post Utme Crawford University 2022 Economics Question 37
Practice objective / multiple choice question 37 from the 2022 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. If the prices of the goods are ₦5 and ₦10 respectively, and the consumer has a budget of ₦50, what is the optimal combination of x and y?
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About This Question
This is Post Utme Crawford University 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Crawford University Economics examination.
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