Post Utme Unilag 2019 Economics Question 16
Practice objective / multiple choice question 16 from the 2019 Post Utme Unilag Economics examination.
Consider a consumer with a utility function U(x,y) = 2x + 3y, where x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦3 respectively, what is the optimal bundle of goods that maximizes the consumer's utility?
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About This Question
This is Post Utme Unilag 2019 Economics Question 16. It is one of the objective questions from the 2019 Post Utme Unilag Economics examination.
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