Post Utme Wellspring University 2025 Economics Question 8
Practice objective / multiple choice question 8 from the 2025 Post Utme Wellspring University Economics examination.
A consumer's utility function is given by U = 2x^2 + 3y^2, where x and y are the quantities of two goods consumed. If the consumer's income is ₦100 and the prices of the two goods are ₦5 and ₦10 respectively, what is the optimal bundle of goods that maximizes utility?
Answer Options
About This Question
This is Post Utme Wellspring University 2025 Economics Question 8. It is one of the objective questions from the 2025 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.