Post Utme Lautech 2020 Economics Question 39
Practice objective / multiple choice question 39 from the 2020 Post Utme Lautech Economics examination.
A consumer's indifference curve is given by U = 2X + 3Y, where U is utility, X and Y are quantities consumed. If the consumer's income is ₦1000, the price of good X is ₦5, and the price of good Y is ₦10, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Lautech 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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