Post Utme Elizade University 2022 Commerce Question 38
Practice objective / multiple choice question 38 from the 2022 Post Utme Elizade University Commerce examination.
A consumer has a utility function given by U = 2A + 3B, where A and B are the quantities of two goods consumed. If the consumer's income is 100 units of currency and the prices of the goods are 5 units of currency for A and 10 units of currency for B, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Elizade University 2022 Commerce Question 38. It is one of the objective questions from the 2022 Post Utme Elizade University Commerce examination.
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