Post Utme Lautech 2018 Economics Question 32
Practice objective / multiple choice question 32 from the 2018 Post Utme Lautech Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods. The consumer's budget constraint is 2x + 3y = 100. Find the optimal quantities of x and y that maximize utility.
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About This Question
This is Post Utme Lautech 2018 Economics Question 32. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.
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