Post Utme Unilorin 2017 Commerce Question 40
Practice objective / multiple choice question 40 from the 2017 Post Utme Unilorin Commerce examination.
A consumer has a utility function given by U = 2X + 3Y, where X and Y are the quantities of two goods. If the consumer's budget is ₦1000 and the prices of the two goods are X = ₦200 and Y = ₦300, what is the optimal combination of X and Y?
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About This Question
This is Post Utme Unilorin 2017 Commerce Question 40. It is one of the objective questions from the 2017 Post Utme Unilorin Commerce examination.
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