Post Utme Osustech 2019 Economics Question 14
Practice objective / multiple choice question 14 from the 2019 Post Utme Osustech Economics examination.
A consumer has a utility function U(x, y) = 2x + 3y, where x and y are the quantities of two goods. If the prices of the goods are $2 and $3, respectively, and the consumer has a budget of $10, find the optimal quantities of the goods.
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About This Question
This is Post Utme Osustech 2019 Economics Question 14. It is one of the objective questions from the 2019 Post Utme Osustech Economics examination.
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