Post Utme Coal City University 2018 Economics Question 39
Practice objective / multiple choice question 39 from the 2018 Post Utme Coal City University Economics examination.
A consumer has the following utility function: U(x, y) = 3x^0.5y^0.5. If the prices of x and y are $15 and $30 respectively, and the consumer has a budget of $150, what is the optimal bundle of x and y that the consumer will choose?
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About This Question
This is Post Utme Coal City University 2018 Economics Question 39. It is one of the objective questions from the 2018 Post Utme Coal City University Economics examination.
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