Post Utme Elizade University 2024 Commerce Question 30
Practice objective / multiple choice question 30 from the 2024 Post Utme Elizade University Commerce examination.
A consumer has a utility function U(x, y) = 2x + 3y, where x and y are the quantities of two goods. If the consumer's budget is ₦100 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Elizade University 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Elizade University Commerce examination.
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