Post Utme Madonna University 2017 Commerce Question 15
Practice objective / multiple choice question 15 from the 2017 Post Utme Madonna University Commerce examination.
A consumer has a utility function given by U = 2X + 3Y. If the prices of X and Y are ₦200 and ₦300 respectively, and the consumer has a budget of ₦1000, what is the maximum utility that the consumer can achieve?
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About This Question
This is Post Utme Madonna University 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Madonna University Commerce examination.
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