Post Utme Madonna University 2018 Commerce Question 18
Practice objective / multiple choice question 18 from the 2018 Post Utme Madonna University Commerce 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 consumer's budget constraint is given by 2x + 3y = 12, find the optimal quantities of x and y that maximize the consumer's utility.
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About This Question
This is Post Utme Madonna University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Madonna University Commerce examination.
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