Post Utme Osustech 2017 Commerce Question 20
Practice objective / multiple choice question 20 from the 2017 Post Utme Osustech Commerce examination.
A consumer has a utility function given by U = 2X + 3Y, where X and Y are the quantities of two goods consumed. If the prices of X and Y are 5 and 10 units of currency, respectively, and the consumer's budget constraint is 100 units of currency, what is the optimal consumption bundle?
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About This Question
This is Post Utme Osustech 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Osustech Commerce examination.
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