Post Utme Futo 2021 Economics Question 27
Practice objective / multiple choice question 27 from the 2021 Post Utme Futo Economics examination.
A consumer's utility function is given by U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is 100 and the prices of the two goods are p_x = 10 and p_y = 20, what is the optimal bundle of goods that the consumer should purchase?
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About This Question
This is Post Utme Futo 2021 Economics Question 27. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.
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