Post Utme Bowen University 2023 Economics Question 2
Practice objective / multiple choice question 2 from the 2023 Post Utme Bowen University Economics examination.
A consumer's utility function is given by U(x, y) = 2x^\( 1/2 \) y^\( 1/2 \). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Bowen University 2023 Economics Question 2. It is one of the objective questions from the 2023 Post Utme Bowen University Economics examination.
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