Post Utme Wellspring University 2024 Economics Question 22
Practice objective / multiple choice question 22 from the 2024 Post Utme Wellspring University Economics examination.
A consumer's utility function is given by U(x, y) = 2x + 3y, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?
Answer Options
About This Question
This is Post Utme Wellspring University 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Wellspring 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.