Post Utme Delsu 2024 Commerce Question 15
Practice objective / multiple choice question 15 from the 2024 Post Utme Delsu Commerce examination.
A consumer has a utility function given by U = 2X + 3Y, where X and Y are the quantities of two goods consumed. If the consumer's current utility level is U = 15, and the prices of the goods are P_X = 2 and P_Y = 3, respectively, what is the consumer's current budget?
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About This Question
This is Post Utme Delsu 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Delsu Commerce examination.
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