Post Utme Igbinedion University 2017 Commerce Question 34
Practice objective / multiple choice question 34 from the 2017 Post Utme Igbinedion University Commerce examination.
A consumer has a budget of ₦1000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the goods are ₦200 and ₦300 respectively, what is the optimal bundle of goods that the consumer should buy?
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About This Question
This is Post Utme Igbinedion University 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Igbinedion University Commerce examination.
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