Post Utme Skyline University 2017 Commerce Question 23
Practice objective / multiple choice question 23 from the 2017 Post Utme Skyline University Commerce examination.
A consumer has the following utility function: U = 2x + 3y. If the prices of x and y are ₦50 and ₦75 respectively, and if the consumer's income is ₦1000, what is the optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Skyline University 2017 Commerce Question 23. It is one of the objective questions from the 2017 Post Utme Skyline 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.