Post Utme Summit University 2024 Economics Question 39
Practice objective / multiple choice question 39 from the 2024 Post Utme Summit University Economics examination.
A consumer's demand function for a product is given by Q = 50 - 2P, where Q is the quantity demanded and P is the price. If the consumer's income is ₦100 and the price of a substitute product is ₦20, find the optimal price and quantity that maximize the consumer's utility.
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About This Question
This is Post Utme Summit University 2024 Economics Question 39. It is one of the objective questions from the 2024 Post Utme Summit University Economics examination.
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