Post Utme Madonna University 2018 Commerce Question 9
Practice objective / multiple choice question 9 from the 2018 Post Utme Madonna University Commerce examination.
A consumer has a budget of ₦1,000,000 and a utility function given by U(x,y) = 2x + 3y. The prices of x and y are ₦500 and ₦200, respectively. What is the optimal bundle of x and y that maximizes utility?
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About This Question
This is Post Utme Madonna University 2018 Commerce Question 9. It is one of the objective questions from the 2018 Post Utme Madonna University Commerce examination.
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