Post Utme Wellspring University 2021 Commerce Question 13
Practice objective / multiple choice question 13 from the 2021 Post Utme Wellspring University Commerce examination.
A consumer has the following utility function: U(x,y) = 2x + 3y. If the prices of x and y are ₦5 and ₦3 respectively, and the consumer has a budget of ₦20, what is the optimal consumption bundle?
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About This Question
This is Post Utme Wellspring University 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.
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