Post Utme Mountain Top University 2018 Commerce Question 5
Practice objective / multiple choice question 5 from the 2018 Post Utme Mountain Top University Commerce examination.
A consumer's indifference curve is given by the equation u(x, y) = 2x + 3y, where x and y are the quantities of two goods. If the consumer's current income is ₦12 and the prices of the two goods are ₦2 and ₦3, respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Mountain Top University 2018 Commerce Question 5. It is one of the objective questions from the 2018 Post Utme Mountain Top University Commerce examination.
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