Post Utme Futo 2018 Economics Question 27
Practice objective / multiple choice question 27 from the 2018 Post Utme Futo Economics examination.
A consumer's indifference curve is represented by the equation \( u = 2x + 3y \), where (u) is the level of satisfaction and (x) and (y) are the quantities of two goods. If the consumer's income is ₦1,000 and the prices of the two goods are ₦200 and ₦300 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Futo 2018 Economics Question 27. It is one of the objective questions from the 2018 Post Utme Futo Economics examination.
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