Post Utme Ui 2023 Commerce Question 38
Practice objective / multiple choice question 38 from the 2023 Post Utme Ui Commerce examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two different goods. The prices of the two goods are ₦50 and ₦75 respectively. If the consumer has a budget of ₦1500, how much should the consumer spend on good x?
Answer Options
About This Question
This is Post Utme Ui 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Ui Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.