Post Utme Veritas University 2018 Economics Question 15
Practice objective / multiple choice question 15 from the 2018 Post Utme Veritas University Economics examination.
A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is given by the equation 2x + 3y = 100, and the prices of the two goods are ₦10 and ₦20 respectively, what is the optimal bundle of goods?
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About This Question
This is Post Utme Veritas University 2018 Economics Question 15. It is one of the objective questions from the 2018 Post Utme Veritas University Economics examination.
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