Post Utme Mountain Top University 2023 Economics Question 18
Practice objective / multiple choice question 18 from the 2023 Post Utme Mountain Top University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget is ₦1,000 and the prices of the two goods are ₦100 and ₦200 respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Mountain Top University 2023 Economics Question 18. It is one of the objective questions from the 2023 Post Utme Mountain Top University Economics examination.
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