Post Utme Uniben 2017 Economics Question 39
Practice objective / multiple choice question 39 from the 2017 Post Utme Uniben Economics examination.
A consumer has a budget constraint of 100 units of currency and a utility function U = 2x + 3y, where x and y are the quantities of two goods. If the prices of the two goods are 2 units of currency per unit and 3 units of currency per unit, respectively, what is the consumer's optimal consumption bundle?
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About This Question
This is Post Utme Uniben 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Uniben Economics examination.
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