Post Utme Afe Babalola University 2018 Commerce Question 18
Practice objective / multiple choice question 18 from the 2018 Post Utme Afe Babalola University Commerce examination.
A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. The consumer's indifference curves are given by the equation U = 2x^0.5y^0.5. What is the optimal bundle of goods that the consumer will choose?
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This is Post Utme Afe Babalola University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.
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