Post Utme Mountain Top University 2018 Economics Question 8
Practice objective / multiple choice question 8 from the 2018 Post Utme Mountain Top University Economics examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: Good X \costs ₦200 and Good Y \costs ₦300. If the consumer's utility function is given by U = 2X + 3Y, find the optimal bundle of goods that maximizes the consumer's utility.
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About This Question
This is Post Utme Mountain Top University 2018 Economics Question 8. It is one of the objective questions from the 2018 Post Utme Mountain Top University Economics examination.
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