Post Utme Rhema University 2022 Commerce Question 2
Practice objective / multiple choice question 2 from the 2022 Post Utme Rhema University Commerce examination.
A consumer has a utility function U(x,y) = 2x + 3y, where x is the quantity of good X and y is the quantity of good Y. If the consumer's income is ₦1000 and the prices of good X and good Y are ₦5 and ₦3 respectively, how many units of good X should the consumer buy?
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About This Question
This is Post Utme Rhema University 2022 Commerce Question 2. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.
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