Post Utme Covenant University 2020 Economics Question 20
Practice objective / multiple choice question 20 from the 2020 Post Utme Covenant University Economics examination.
A consumer has an income of ₦1000 and faces a budget constraint given by P1x + P2y = 1000, where P1 and P2 are the prices of goods X and Y, respectively. If the consumer's indifference curve is given by U = 2x^0.5y^0.5, find the consumer's optimal bundle of goods.
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About This Question
This is Post Utme Covenant University 2020 Economics Question 20. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.
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