Post Utme Igbinedion University 2022 Commerce Question 27
Practice objective / multiple choice question 27 from the 2022 Post Utme Igbinedion University Commerce examination.
A consumer has a budget constraint of 100 and a preference for two goods, A and B. The prices of the goods are P_A = 5 and P_B = 10. If the consumer's utility function is given by U = 2A + 3B, what is the optimal consumption bundle?
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This is Post Utme Igbinedion University 2022 Commerce Question 27. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.
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