Post Utme Igbinedion University 2024 Economics Question 12
Practice objective / multiple choice question 12 from the 2024 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 budget constraint is 100, and the prices of the two goods are $5 and $10 respectively, what is the consumer's optimal bundle?
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This is Post Utme Igbinedion University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Igbinedion University Economics examination.
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