Post Utme Mountain Top University 2021 Commerce Question 15
Practice objective / multiple choice question 15 from the 2021 Post Utme Mountain Top University Commerce examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are ₦50 and ₦75 respectively, and the consumer has a budget of ₦300, what is the optimal combination of x and y that maximizes utility?
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About This Question
This is Post Utme Mountain Top University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Mountain Top University Commerce examination.
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