Post Utme Ims U 2020 Commerce Question 20
Practice objective / multiple choice question 20 from the 2020 Post Utme Ims U Commerce examination.
A consumer has a utility function given by U = x^2 + 2y^2. If the consumer's budget constraint is 2x + 3y = 12, and the price of good x is 2, and the price of good y is 3, what is the consumer's optimal bundle?
Answer Options
About This Question
This is Post Utme Ims U 2020 Commerce Question 20. It is one of the objective questions from the 2020 Post Utme Ims U Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.