Post Utme Uniport 2018 Economics Question 7
Practice objective / multiple choice question 7 from the 2018 Post Utme Uniport Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x is the number of units of good X and y is the number of units of good Y. If the consumer's income is ₦1,000 and the prices of good X and good Y are ₦50 and ₦75, respectively, what is the optimal bundle of goods?
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About This Question
This is Post Utme Uniport 2018 Economics Question 7. It is one of the objective questions from the 2018 Post Utme Uniport Economics examination.
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