Post Utme Madonna University 2019 Economics Question 4
Practice objective / multiple choice question 4 from the 2019 Post Utme Madonna University Economics examination.
A consumer has a budget of ₦1000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the two goods are ₦5 and ₦10 respectively, and the consumer wants to maximize her utility, what is the optimal quantity of the first good?
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About This Question
This is Post Utme Madonna University 2019 Economics Question 4. It is one of the objective questions from the 2019 Post Utme Madonna University Economics examination.
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