Post Utme Nile University 2017 Economics Question 24
Practice objective / multiple choice question 24 from the 2017 Post Utme Nile University Economics examination.
A consumer's budget constraint is given by P1Q1 + P2Q2 = I, where P1 and P2 are the prices of two goods, Q1 and Q2 are the quantities consumed, and I is the consumer's income. If the consumer's income is I = 100, and the prices of the two goods are P1 = 2 and P2 = 3, respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Nile University 2017 Economics Question 24. It is one of the objective questions from the 2017 Post Utme Nile University Economics examination.
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