Post Utme Summit University 2021 Economics Question 17
Practice objective / multiple choice question 17 from the 2021 Post Utme Summit University Economics examination.
A consumer has the following utility function: U = 2x + 3y. The prices of x and y are given by p_x = 2 and p_y = 3, respectively. The consumer's budget is 100. Find the optimal values of x and y that maximize utility, subject to the budget constraint.
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About This Question
This is Post Utme Summit University 2021 Economics Question 17. It is one of the objective questions from the 2021 Post Utme Summit University Economics examination.
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