Post Utme Nile University 2019 Economics Question 3
Practice objective / multiple choice question 3 from the 2019 Post Utme Nile University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by 2x + 3y = ₦100, find the optimal quantities of x and y that maximize the consumer's utility.
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About This Question
This is Post Utme Nile University 2019 Economics Question 3. It is one of the objective questions from the 2019 Post Utme Nile University Economics examination.
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