Post Utme Igbinedion University 2018 Economics Question 22
Practice objective / multiple choice question 22 from the 2018 Post Utme Igbinedion 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 prices of the two goods are ₦5 and ₦10 respectively, and the consumer's budget is ₦50, find the optimal quantities of x and y.
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About This Question
This is Post Utme Igbinedion University 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.
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