Post Utme Unilorin 2021 Economics Question 32
Practice objective / multiple choice question 32 from the 2021 Post Utme Unilorin Economics examination.
A consumer has the following utility function: U = 2x + 3y, where x and y are the quantities of two goods. The prices of the goods are $2 and $3 respectively. The consumer's budget is $10. Find the optimal quantities of the goods that maximize the consumer's utility.
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About This Question
This is Post Utme Unilorin 2021 Economics Question 32. It is one of the objective questions from the 2021 Post Utme Unilorin Economics examination.
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