Post Utme Oau 2021 Commerce Question 10
Practice objective / multiple choice question 10 from the 2021 Post Utme Oau Commerce examination.
A consumer has a budget of ₦10,000 and a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are ₦2,000 and ₦3,000 respectively, how much of each good should the consumer buy to maximize utility?
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About This Question
This is Post Utme Oau 2021 Commerce Question 10. It is one of the objective questions from the 2021 Post Utme Oau Commerce examination.
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