Post Utme Lautech 2019 Economics Question 32
Practice objective / multiple choice question 32 from the 2019 Post Utme Lautech Economics examination.
A consumer's utility function is given by U(x,y) = 2x + 3y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Lautech 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Lautech Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.