Post Utme Covenant University 2022 Economics Question 37
Practice objective / multiple choice question 37 from the 2022 Post Utme Covenant University Economics examination.
A consumer's indifference curve is given by the utility function U(x, y) = 3x^0.5y^0.5. If the consumer's income is ₦1500 and the prices of x and y are ₦10 and ₦20 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Covenant University 2022 Economics Question 37. It is one of the objective questions from the 2022 Post Utme Covenant University Economics examination.
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