Post Utme Ui 2023 Commerce Question 40
Practice objective / multiple choice question 40 from the 2023 Post Utme Ui Commerce examination.
A consumer has a budget of ₦1000 and wants to buy two different goods: x and y. The prices of the two goods are ₦50 and ₦75 respectively. If the consumer's utility function is given by U = 2x + 3y, and the consumer wants to maximize utility, how much should the consumer spend on good x?
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About This Question
This is Post Utme Ui 2023 Commerce Question 40. It is one of the objective questions from the 2023 Post Utme Ui Commerce examination.
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