A consumer has a budget of ₦1000 and faces the following prices for two goods: Good X \costs ₦200 per unit and Good Y \costs ₦300 per unit. If the consumer's indifference curves are given by U = 2X + 3Y, what is the consumer's optimal bundle?

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2 units of Good X and 1 unit of Good Y

Post Utme Rhema University 2023 Economics Question 24

A consumer has a budget of ₦1000 and faces the following prices for two goods: Good X \costs ₦200 per unit and Good Y \costs ₦300 per unit. If the consumer's indifference curves are given by U = 2X + 3Y, what is the consumer's optimal bundle?

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