Post Utme Pan Atlantic University 2023 Economics Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Pan Atlantic University Economics examination.
A consumer's utility function is given by the equation U(x, y) = 2x + 3y, where x is the number of units of good X consumed and y is the number of units of good Y consumed. If the consumer has a budget of ₦100 and the prices of good X and good Y are ₦5 and ₦10 respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Pan Atlantic University 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Economics examination.
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