Post Utme Crawford University 2023 Economics Question 17
Practice objective / multiple choice question 17 from the 2023 Post Utme Crawford University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Crawford University 2023 Economics Question 17. It is one of the objective questions from the 2023 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.