Post Utme Rhema University 2018 Commerce Question 19
Practice objective / multiple choice question 19 from the 2018 Post Utme Rhema University Commerce examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two different goods. If the consumer's budget constraint is given by 2x + 3y = 12, and the prices of the two goods are 2 and 3 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Rhema University 2018 Commerce Question 19. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.
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