Post Utme Nile University 2018 Economics Question 38
Practice objective / multiple choice question 38 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 given by 2X + 3Y = 12, and the prices of the two goods are P_X = 2 and P_Y = 3, respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Nile University 2018 Economics Question 38. It is one of the objective questions from the 2018 Post Utme Nile University Economics examination.
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