Post Utme Covenant University 2020 Economics Question 18
Practice objective / multiple choice question 18 from the 2020 Post Utme Covenant University Economics examination.
A consumer has an indifference curve given by U = 2x^0.5y^0.5, where x is the quantity of good X and y is the quantity of good Y. If the price of good X is ₦50 per unit and the price of good Y is ₦100 per unit, find the consumer's optimal bundle of goods.
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About This Question
This is Post Utme Covenant University 2020 Economics Question 18. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.
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