Post Utme Summit University 2024 Economics Question 15
Practice objective / multiple choice question 15 from the 2024 Post Utme Summit University Economics examination.
A consumer's budget constraint is given by B = P1x + P2y, where B is the budget, P1 and P2 are the prices of two goods, and x and y are the quantities of the two goods consumed. If the consumer's budget is ₦1000, the prices of the two goods are ₦2 and ₦3, respectively, and the consumer's income is ₦1200, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Summit University 2024 Economics Question 15. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.
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