Post Utme Delsu 2024 Commerce Question 4
Practice objective / multiple choice question 4 from the 2024 Post Utme Delsu Commerce examination.
A consumer has a budget of ₦1000 and is considering purchasing two goods, A and B. The prices of the goods are ₦200 and ₦300, respectively. If the consumer's utility function is given by the equation U = 2x + 3y, where x and y are the quantities of goods A and B, respectively, and U is the utility, what is the optimal combination of goods A and B that the consumer should purchase?
Answer Options
About This Question
This is Post Utme Delsu 2024 Commerce Question 4. It is one of the objective questions from the 2024 Post Utme Delsu Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.