Post Utme Elizade University 2023 Economics Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Elizade University Economics examination.
A consumer's utility function is given by ( u(x,y) = 3x + 2y ). If the prices of x and y are ₦5 and ₦10 respectively, and the consumer's income is ₦1000, what is the optimal bundle of x and y?
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This is Post Utme Elizade University 2023 Economics Question 40. It is one of the objective questions from the 2023 Post Utme Elizade University Economics examination.
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