Post Utme Wellspring University 2025 Economics Question 5
Practice objective / multiple choice question 5 from the 2025 Post Utme Wellspring University Economics examination.
A consumer's budget constraint is given by the equation \( 2x + 3y = 12 \), where ( x ) and ( y ) are the quantities of two goods. If the consumer's indifference curve is given by the equation \( U = x + 2y \), and the prices of the two goods are \( p_x = 2 \) and \( p_y = 3 \), respectively, what is the consumer's optimal bundle of the two goods?
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This is Post Utme Wellspring University 2025 Economics Question 5. It is one of the objective questions from the 2025 Post Utme Wellspring University Economics examination.
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