Post Utme Wellspring University 2025 Economics Question 2
Practice objective / multiple choice question 2 from the 2025 Post Utme Wellspring University Economics examination.
A consumer's indifference curve for two goods, X and Y, is given by the equation \( U = 2x + 3y \). If the consumer's initial \endowment is \( x_0, y_0 \ \) = (2, 3) ), and the prices of X and Y are \( p_x = 4 \) and \( p_y = 5 \), respectively, what is the consumer's optimal bundle of X and Y?
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This is Post Utme Wellspring University 2025 Economics Question 2. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.
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