Post Utme Ui 2019 Economics Question 12
Practice objective / multiple choice question 12 from the 2019 Post Utme Ui Economics examination.
A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the goods are $2 and $3 respectively, and the consumer has a budget of $10, what is the optimal quantity of good x?
Answer Options
About This Question
This is Post Utme Ui 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.