Post Utme Achievers University 2018 Economics Question 33
Practice objective / multiple choice question 33 from the 2018 Post Utme Achievers University Economics examination.
A consumer's utility function is given by ( u(x,y) = xy ). If the consumer's income is ₦1,000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?
Answer Options
About This Question
This is Post Utme Achievers University 2018 Economics Question 33. It is one of the objective questions from the 2018 Post Utme Achievers 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.