Post Utme Lautech 2020 Commerce Question 32
Practice objective / multiple choice question 32 from the 2020 Post Utme Lautech Commerce examination.
A consumer has a budget of ₦10,000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the two goods are ₦2 and ₦3 respectively, and the consumer spends all their budget, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Lautech 2020 Commerce Question 32. It is one of the objective questions from the 2020 Post Utme Lautech Commerce examination.
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