Post Utme Igbinedion University 2019 Economics Question 9
Practice objective / multiple choice question 9 from the 2019 Post Utme Igbinedion University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where U is the utility, x is the quantity of good X, and y is the quantity of good Y. If the consumer has a budget of ₦100 and the prices of good X and good Y are ₦20 and ₦30 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Igbinedion University 2019 Economics Question 9. It is one of the objective questions from the 2019 Post Utme Igbinedion University Economics examination.
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