Post Utme Uniosun 2024 Economics Question 9
Practice objective / multiple choice question 9 from the 2024 Post Utme Uniosun Economics examination.
A consumer has a budget of ₦1000 and faces the following prices for two goods: good A \costs ₦200 per unit and good B \costs ₦300 per unit. If the consumer's utility function is given by U = 2x_A + 3x_B, where x_A and x_B are the quantities consumed of good A and good B respectively, calculate the consumer's optimal consumption bundle.
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About This Question
This is Post Utme Uniosun 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Uniosun Economics examination.
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