Post Utme Wellspring University 2023 Commerce Question 34
Practice objective / multiple choice question 34 from the 2023 Post Utme Wellspring University Commerce examination.
A consumer's indifference curve is given by U = 2x + 3y, where U is utility, x is quantity of good X, and y is quantity of good Y. If the consumer's budget constraint is 2x + 3y = 12, and the price of good X is ₦2 per unit, how much of good Y should the consumer buy?
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About This Question
This is Post Utme Wellspring University 2023 Commerce Question 34. It is one of the objective questions from the 2023 Post Utme Wellspring University Commerce examination.
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