Post Utme Achievers University 2022 Commerce Question 34
Practice objective / multiple choice question 34 from the 2022 Post Utme Achievers University Commerce examination.
A consumer's indifference curve is given by the equation x^2 + 4y^2 = 16, where x and y are the quantities of two goods consumed. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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This is Post Utme Achievers University 2022 Commerce Question 34. It is one of the objective questions from the 2022 Post Utme Achievers University Commerce examination.
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