Post Utme Uniport 2020 Economics Question 17
Practice objective / multiple choice question 17 from the 2020 Post Utme Uniport Economics examination.
A consumer's utility function is given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the two goods are ₦50 and ₦75 respectively, and the consumer's income is ₦1500, find the consumer's optimal consumption bundle.
Answer Options
About This Question
This is Post Utme Uniport 2020 Economics Question 17. It is one of the objective questions from the 2020 Post Utme Uniport Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.