Post Utme Summit University 2020 Economics Question 22
Practice objective / multiple choice question 22 from the 2020 Post Utme Summit University Economics examination.
A consumer's utility function is given by U = 2x + 3y. If the consumer's current income is ₦1000 and the prices of x and y are ₦5 and ₦3, respectively, what is the consumer's optimal bundle of x and y?
Answer Options
About This Question
This is Post Utme Summit University 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Summit University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.