Post Utme Elizade University 2023 Economics Question 24
Practice objective / multiple choice question 24 from the 2023 Post Utme Elizade University Economics examination.
Consider a consumer with a utility function U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Elizade University 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.
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