Post Utme Summit University 2024 Economics Question 10
Practice objective / multiple choice question 10 from the 2024 Post Utme Summit University Economics examination.
A consumer has a utility function U(x,y) = 2x + 3y, where x is the quantity of good X and y is the quantity of good Y. If the consumer has a budget of ₦100 and the prices of good X and good Y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Summit University 2024 Economics Question 10. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.
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