Post Utme Skyline University 2021 Economics Question 19
Practice objective / multiple choice question 19 from the 2021 Post Utme Skyline University Economics examination.
A consumer's indifference curve is given by the equation U = 2X + 3Y, where U is the utility and X and Y are the quantities of two goods. If the consumer has a budget of ₦100 and the prices of the two goods are ₦10 and ₦20 respectively, find the quantities of the two goods that maximize the utility.
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About This Question
This is Post Utme Skyline University 2021 Economics Question 19. It is one of the objective questions from the 2021 Post Utme Skyline University Economics examination.
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