Post Utme Veritas University 2025 Economics Question 23
Practice objective / multiple choice question 23 from the 2025 Post Utme Veritas University Economics examination.
A consumer's utility function is given by U = 2x + 3y, where U is the utility and x and y are the quantities of two goods. If the prices of the two goods are 5 and 10 respectively, and the consumer's income is 100, what is the optimal combination of the two goods?
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This is Post Utme Veritas University 2025 Economics Question 23. It is one of the objective questions from the 2025 Post Utme Veritas University Economics examination.
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