Post Utme Caleb University 2022 Economics Question 17
Practice objective / multiple choice question 17 from the 2022 Post Utme Caleb University Economics examination.
A consumer's utility function is given by U(x, y) = 2x^0.5y^0.5, where x and y are the quantities of two goods consumed. If the consumer's budget constraint is 2x + 3y = 12, find the optimal consumption bundle.
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This is Post Utme Caleb University 2022 Economics Question 17. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.
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