Post Utme Ui 2017 Economics Question 2
Practice objective / multiple choice question 2 from the 2017 Post Utme Ui Economics examination.
A consumer's utility function is given by U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1,000 and the prices of the two goods are ₦50 and ₦75 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Ui 2017 Economics Question 2. It is one of the objective questions from the 2017 Post Utme Ui Economics examination.
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