Post Utme Lead City University 2023 Commerce Question 32
Practice objective / multiple choice question 32 from the 2023 Post Utme Lead City University Commerce examination.
A consumer's indifference curve is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1000, and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Lead City University 2023 Commerce Question 32. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.
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