Post Utme Skyline University 2024 Economics Question 38
Practice objective / multiple choice question 38 from the 2024 Post Utme Skyline University Economics examination.
A consumer has a utility function of U = 2X + 3Y, where X and Y are the quantities of two goods consumed. The prices of the goods are ₦5 and ₦10 respectively. The consumer's budget is ₦100. What is the optimal combination of X and Y that maximizes utility?
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About This Question
This is Post Utme Skyline University 2024 Economics Question 38. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.
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