Post Utme Nile University 2022 Economics Question 27
Practice objective / multiple choice question 27 from the 2022 Post Utme Nile University Economics examination.
A consumer has an income of $100 and faces a price of $5 for a good. The consumer's indifference curve is given by the equation u(x,y) = 2x + 3y, where x is the quantity of the good consumed and y is the quantity of a complementary good. What is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Nile University 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Nile University Economics examination.
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