Post Utme Lasu 2018 Economics Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Lasu Economics examination.
A consumer's indifference curve is given by the equation U = 2x + 3y. If the consumer's budget constraint is 2x + 3y = ₦100, and if the price of good x is ₦20 per unit and the price of good y is ₦30 per unit, what is the optimal level of good x (x) that the consumer should purchase?
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This is Post Utme Lasu 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Lasu Economics examination.
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