Post Utme Wellspring University 2022 Economics Question 8
Practice objective / multiple choice question 8 from the 2022 Post Utme Wellspring University Economics examination.
A consumer's utility function is given by U(x,y) = 2x + 3y. If the consumer has a budget constraint of 100 and the prices of x and y are 5 and 10 respectively, what is the optimal consumption bundle?
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About This Question
This is Post Utme Wellspring University 2022 Economics Question 8. It is one of the objective questions from the 2022 Post Utme Wellspring University Economics examination.
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