Post Utme Greenfield University 2019 Commerce Question 4
Practice objective / multiple choice question 4 from the 2019 Post Utme Greenfield University Commerce examination.
A consumer's indifference curve is given by the equation u(x,y) = 2x + 3y, where x is the quantity of good X consumed and y is the quantity of good Y consumed. If the consumer's income is ₦100,000 and the prices of good X and good Y are ₦50 and ₦30 respectively, how many units of good X should the consumer consume?
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About This Question
This is Post Utme Greenfield University 2019 Commerce Question 4. It is one of the objective questions from the 2019 Post Utme Greenfield University Commerce examination.
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