Post Utme Osustech 2017 Economics Question 18
Practice objective / multiple choice question 18 from the 2017 Post Utme Osustech Economics examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods. If the consumer has a budget of 100 and the prices of the two goods are 2 and 3 respectively, what is the optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Osustech 2017 Economics Question 18. It is one of the objective questions from the 2017 Post Utme Osustech Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.