Post Utme Lead City University 2017 Economics Question 26
Practice objective / multiple choice question 26 from the 2017 Post Utme Lead City University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are $2 and $3, respectively, and the consumer's income is $10, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Lead City University 2017 Economics Question 26. It is one of the objective questions from the 2017 Post Utme Lead City University Economics examination.
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