Post Utme Greenfield University 2018 Economics Question 28
Practice objective / multiple choice question 28 from the 2018 Post Utme Greenfield University Economics examination.
A consumer's utility function is given by \( U = 2x + 3y \), where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by \( P_x x + P_y y = 100 \), where \( P_x \) and \( P_y \) are the prices of the two goods, and the consumer's goal is to maximize utility, what is the optimal level of consumption of the two goods?
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About This Question
This is Post Utme Greenfield University 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Greenfield University Economics examination.
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