Post Utme Babcock University 2023 Economics Question 35
Practice objective / multiple choice question 35 from the 2023 Post Utme Babcock University Economics examination.
A consumer's utility function is given by U = 2x^0.5y^0.5. If the consumer's income is ₦1000 and the prices of good x and good y are ₦50 and ₦75 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Babcock University 2023 Economics Question 35. It is one of the objective questions from the 2023 Post Utme Babcock University Economics examination.
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