Post Utme Veritas University 2019 Economics Question 1
Practice objective / multiple choice question 1 from the 2019 Post Utme Veritas University Economics examination.
A consumer's indifference curve is given by the equation ( U(x,y) = 2x + 3y ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, find the consumer's optimal bundle of x and y.
Answer Options
About This Question
This is Post Utme Veritas University 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.