Post Utme Igbinedion University 2021 Economics Question 30
Practice objective / multiple choice question 30 from the 2021 Post Utme Igbinedion University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦100 and the prices of the two goods are ₦5 and ₦10, respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Igbinedion University 2021 Economics Question 30. It is one of the objective questions from the 2021 Post Utme Igbinedion University Economics examination.
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