Post Utme Elizade University 2018 Commerce Question 26
Practice objective / multiple choice question 26 from the 2018 Post Utme Elizade University Commerce examination.
A consumer has a utility function of U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are ₦50 and ₦100 respectively, and the consumer's income is ₦1000, what is the optimal bundle of goods that maximizes the consumer's utility?
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About This Question
This is Post Utme Elizade University 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Elizade University Commerce examination.
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