Post Utme Rhema University 2018 Economics Question 34
Practice objective / multiple choice question 34 from the 2018 Post Utme Rhema University Economics examination.
A consumer has the following utility function: U(x,y) = 2x + 3y. The prices of x and y are P_x = 4 and P_y = 5, respectively. If the consumer's income is I = 100, what is the consumer's optimal bundle of x and y?
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About This Question
This is Post Utme Rhema University 2018 Economics Question 34. It is one of the objective questions from the 2018 Post Utme Rhema University Economics examination.
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