Post Utme Redeemers University 2022 Economics Question 13
Practice objective / multiple choice question 13 from the 2022 Post Utme Redeemers University Economics examination.
A consumer has a utility function of U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Redeemers University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Redeemers University Economics examination.
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