Post Utme Futa 2023 Economics Question 8
Practice objective / multiple choice question 8 from the 2023 Post Utme Futa Economics examination.
A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the two goods are ₦50 and ₦75 respectively, find the optimal quantities of the two goods that maximize utility.
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About This Question
This is Post Utme Futa 2023 Economics Question 8. It is one of the objective questions from the 2023 Post Utme Futa Economics examination.
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