Post Utme Osustech 2025 Economics Question 38
Practice objective / multiple choice question 38 from the 2025 Post Utme Osustech Economics examination.
A consumer's indifference curve is given by the equation ( U(x,y) = 2x + 3y ). If the consumer's initial \endowment is \( x_0, y_0 \ \) = (10, 20) ) and the price of good x is \( P_x = 2 \) and the price of good y is \( P_y = 3 \), what is the consumer's optimal bundle?
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This is Post Utme Osustech 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Osustech Economics examination.
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