Post Utme Ims U 2020 Economics Question 4
Practice objective / multiple choice question 4 from the 2020 Post Utme Ims U Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦2 and ₦3 respectively, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Ims U 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Ims U Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.