Post Utme Redeemers University 2024 Commerce Question 17
Practice objective / multiple choice question 17 from the 2024 Post Utme Redeemers University Commerce examination.
A consumer has a budget constraint of ₦1,000, and the prices of two goods are ₦200 and ₦300, respectively. If the consumer's indifference curve is given by the equation ( U = 2x + 3y ), where x and y are the quantities of the two goods consumed, what is the consumer's optimal bundle of goods?
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This is Post Utme Redeemers University 2024 Commerce Question 17. It is one of the objective questions from the 2024 Post Utme Redeemers University Commerce examination.
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