Post Utme Rhema University 2022 Commerce Question 4
Practice objective / multiple choice question 4 from the 2022 Post Utme Rhema University Commerce examination.
A consumer has a budget constraint of ₦1000 and 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 prices of good X and good Y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Rhema University 2022 Commerce Question 4. It is one of the objective questions from the 2022 Post Utme Rhema University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.