Post Utme Unilag 2024 Economics Question 24
Practice objective / multiple choice question 24 from the 2024 Post Utme Unilag Economics examination.
A consumer has a utility function U(x,y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 10x + 5y = 100, and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
Answer Options
About This Question
This is Post Utme Unilag 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Unilag Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.