Post Utme Uniben 2017 Economics Question 22
Practice objective / multiple choice question 22 from the 2017 Post Utme Uniben Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. The consumer's budget constraint is given by 2x + 3y = ₦100. If the consumer's income is ₦100, what is the optimal combination of x and y that maximizes utility?
Answer Options
About This Question
This is Post Utme Uniben 2017 Economics Question 22. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.