Post Utme Nile University 2018 Economics Question 18
Practice objective / multiple choice question 18 from the 2018 Post Utme Nile 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 constraint is \( 2x + 3y = 100 \), and the prices of the two goods are \( p_x = 5 \) and \( p_y = 10 \), what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Nile University 2018 Economics Question 18. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.
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