Post Utme Pan Atlantic University 2019 Economics Question 21
Practice objective / multiple choice question 21 from the 2019 Post Utme Pan Atlantic University Economics examination.
A consumer's indifference curve is given by the equation u(x, y) = 2x + 3y. If the consumer's initial \endowment is (x0, y0) = (4, 6), and the price of good x is ₦5, while the price of good y is ₦3, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Pan Atlantic University 2019 Economics Question 21. It is one of the objective questions from the 2019 Post Utme Pan Atlantic University Economics examination.
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