Post Utme Noun 2019 Economics Question 37
Practice objective / multiple choice question 37 from the 2019 Post Utme Noun Economics examination.
A consumer has a utility function U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦3 respectively, and the consumer's income is ₦100, find the consumer's optimal bundle of x and y.
Answer Options
About This Question
This is Post Utme Noun 2019 Economics Question 37. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.