Post Utme Rhema University 2023 Economics Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Rhema University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1,000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Rhema University 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Rhema University Economics examination.
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