Post Utme Redeemers University 2024 Economics Question 9
Practice objective / multiple choice question 9 from the 2024 Post Utme Redeemers University Economics examination.
A consumer's utility function is given by the equation U = 2X + 3Y, where U is the utility and X and Y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦2 and ₦3 respectively, calculate the optimal quantities of the two goods.
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This is Post Utme Redeemers University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Redeemers University Economics examination.
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