Post Utme Bowen University 2018 Economics Question 35
Practice objective / multiple choice question 35 from the 2018 Post Utme Bowen University Economics examination.
A consumer's indifference curve is represented by the equation ( u(x,y) = x^2 + 2y^2 ). 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?
Answer Options
About This Question
This is Post Utme Bowen University 2018 Economics Question 35. It is one of the objective questions from the 2018 Post Utme Bowen 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.