Post Utme Covenant University 2020 Economics Question 39
Practice objective / multiple choice question 39 from the 2020 Post Utme Covenant University Economics examination.
A consumer's utility function is given by U = x^2 + 2y^2, where x and y are the quantities of two goods. If the consumer's income is ₦1000, and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Covenant University 2020 Economics Question 39. It is one of the objective questions from the 2020 Post Utme Covenant University Economics examination.
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