Post Utme Osustech 2024 Commerce Question 37
Practice objective / multiple choice question 37 from the 2024 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 consumer's budget constraint is 10x + 5y = 50, and the price of good x is ₦5, how much should the consumer spend on good y?
Answer Options
About This Question
This is Post Utme Osustech 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Osustech Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.