Post Utme Rhema University 2019 Economics Question 31
Practice objective / multiple choice question 31 from the 2019 Post Utme Rhema University Economics examination.
A consumer's indifference curve is represented by the equation ( U(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, find the optimal bundle of x and y that maximizes utility.
Answer Options
About This Question
This is Post Utme Rhema University 2019 Economics Question 31. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.