Post Utme Rsu 2020 Commerce Question 37
Practice objective / multiple choice question 37 from the 2020 Post Utme Rsu Commerce examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two different goods consumed. The consumer's budget constraint is given by the equation: 2x + 3y = 12. If the consumer's income is 12, and the prices of the two goods are 2 and 3 respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Rsu 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Rsu Commerce examination.
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