Post Utme Afe Babalola University 2017 Economics Question 6
Practice objective / multiple choice question 6 from the 2017 Post Utme Afe Babalola University Economics examination.
A consumer's utility function is given by U(x, y) = 2x^0.5y^0.5. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle of x and y?
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This is Post Utme Afe Babalola University 2017 Economics Question 6. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Economics examination.
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