Post Utme Nile University 2017 Commerce Question 28
Practice objective / multiple choice question 28 from the 2017 Post Utme Nile University Commerce examination.
A consumer's indifference curve is given by the equation U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is 100 units and the prices of the two goods are 2 and 3 units respectively, what is the consumer's optimal bundle?
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This is Post Utme Nile University 2017 Commerce Question 28. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.
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