Post Utme Wellspring University 2024 Economics Question 29
Practice objective / multiple choice question 29 from the 2024 Post Utme Wellspring University Economics examination.
A consumer's utility function is given by the equation U = 2x + 3y, where U is the utility, x is the quantity of good 1, and y is the quantity of good 2. If the consumer has a budget of ₦100 and the prices of good 1 and good 2 are ₦5 and ₦10 respectively, what is the optimal bundle of goods?
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This is Post Utme Wellspring University 2024 Economics Question 29. It is one of the objective questions from the 2024 Post Utme Wellspring University Economics examination.
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