Post Utme Redeemers University 2021 Economics Question 33
Practice objective / multiple choice question 33 from the 2021 Post Utme Redeemers University Economics examination.
A consumer's indifference curve is represented by the equation U = 2x + 3y, where U is the utility level and x and y are the quantities of two goods. If the consumer's income is ₦1,000,000 and the prices of the two goods are ₦500 and ₦750 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Redeemers University 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Redeemers University Economics examination.
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