Post Utme Skyline University 2019 Economics Question 17
Practice objective / multiple choice question 17 from the 2019 Post Utme Skyline University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the goods are P_x = 2 and P_y = 3, and the consumer has an income of I = 20, what is the optimal bundle of goods that the consumer should purchase?
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About This Question
This is Post Utme Skyline University 2019 Economics Question 17. It is one of the objective questions from the 2019 Post Utme Skyline University Economics examination.
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