Post Utme Mountain Top University 2021 Economics Question 21
Practice objective / multiple choice question 21 from the 2021 Post Utme Mountain Top University Economics examination.
A consumer's indifference curve is represented by the equation ( u(x,y) = 2x + 3y ). If the consumer's income is ₦1000, and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of x and y?
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This is Post Utme Mountain Top University 2021 Economics Question 21. It is one of the objective questions from the 2021 Post Utme Mountain Top University Economics examination.
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