Post Utme Joseph Ayo Babalola University 2017 Economics Question 8
Practice objective / multiple choice question 8 from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. 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?
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This is Post Utme Joseph Ayo Babalola University 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Economics examination.
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