Post Utme Greenfield University 2017 Economics Question 9
Practice objective / multiple choice question 9 from the 2017 Post Utme Greenfield University Economics examination.
A consumer has the following utility function: U = 2X + 3Y, where X and Y are the quantities of two goods consumed. The prices of the two goods are ₦50 and ₦100, respectively. If the consumer's income is ₦500, what is the optimal quantity of good X to consume?
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About This Question
This is Post Utme Greenfield University 2017 Economics Question 9. It is one of the objective questions from the 2017 Post Utme Greenfield University Economics examination.
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