Post Utme Madonna University 2019 Economics Question 22
Practice objective / multiple choice question 22 from the 2019 Post Utme Madonna 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 consumer's budget constraint is given by 2x + 3y = 12, and the prices of the two goods are $2 and $3 respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Madonna University 2019 Economics Question 22. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.
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