Post Utme Igbinedion University 2018 Economics Question 30
Practice objective / multiple choice question 30 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 consumer's budget constraint is 2x + 3y = 12, and the prices of the two goods are p_x = 2 and p_y = 3, respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Igbinedion University 2018 Economics Question 30. It is one of the objective questions from the 2018 Post Utme Igbinedion University Economics examination.
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