Post Utme Igbinedion University 2018 Economics Question 12
Practice objective / multiple choice question 12 from the 2018 Post Utme Igbinedion University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y. If the consumer's income is ₦1,000 and the prices of x and y are ₦50 and ₦30 respectively, determine the optimal bundle of x and y.
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This is Post Utme Igbinedion University 2018 Economics Question 12. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.
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