Post Utme Greenfield University 2017 Economics Question 33
Practice objective / multiple choice question 33 from the 2017 Post Utme Greenfield University Economics examination.
A consumer has an income of ₦10,000 and faces the following prices: \( P_X = 5 \), \( P_Y = 10 \). If the consumer's budget constraint is given by \( 5X + 10Y = 10,000 \), and the consumer's indifference curve is given by \( U = 2X + 3Y \), what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Greenfield University 2017 Economics Question 33. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.
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