Post Utme Redeemers University 2022 Commerce Question 5
Practice objective / multiple choice question 5 from the 2022 Post Utme Redeemers University Commerce examination.
A consumer's indifference curve is given by the equation 2x + 3y = 6, where x is the number of units of good X and y is the number of units of good Y. If the consumer's budget is 100 and the prices of good X and good Y are 5 and 10 respectively, what is the optimal bundle of goods that maximizes the consumer's utility?
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This is Post Utme Redeemers University 2022 Commerce Question 5. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.
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