Post Utme Covenant University 2021 Economics Question 20
Practice objective / multiple choice question 20 from the 2021 Post Utme Covenant University Economics examination.
A consumer's utility function is given by the equation u(x, y) = x^2 + 2y. If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Covenant University 2021 Economics Question 20. It is one of the objective questions from the 2021 Post Utme Covenant University Economics examination.
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