Post Utme Lautech 2019 Economics Question 23
Practice objective / multiple choice question 23 from the 2019 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. If the consumer has a budget of ₦100 and the prices of the two goods are ₦20 and ₦30 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Lautech 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.
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