Post Utme Uniport 2024 Economics Question 19
Practice objective / multiple choice question 19 from the 2024 Post Utme Uniport Economics examination.
A consumer's indifference curve is given by the equation u(x, y) = 2x + 3y, where u is the utility function, x is the quantity of good X, and y is the quantity of good Y. If the consumer's income is ₦1000 and the prices of good X and good Y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Uniport 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Uniport Economics examination.
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