Post Utme Igbinedion University 2022 Commerce Question 29
Practice objective / multiple choice question 29 from the 2022 Post Utme Igbinedion University Commerce examination.
A consumer has a utility function given by U = 2A + 3B, where A and B are the quantities of two goods. The prices of the goods are P_A = 5 and P_B = 10. If the consumer's income is 100, what is the optimal consumption bundle?
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This is Post Utme Igbinedion University 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.
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