Post Utme Lautech 2022 Economics Question 25
Practice objective / multiple choice question 25 from the 2022 Post Utme Lautech Economics examination.
A consumer's budget constraint is given by the equation 5x + 10y = 100, where x is the quantity of good X consumed, and y is the quantity of good Y consumed. If the consumer's utility function is u(x,y) = 2x + 3y, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Lautech 2022 Economics Question 25. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.
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