Post Utme Crawford University 2019 Economics Question 12
Practice objective / multiple choice question 12 from the 2019 Post Utme Crawford University Economics examination.
A consumer's utility function is given by U(x, y) = 2x^0.5y^0.5. If the consumer's income is ₦1000 and the prices of x and y are ₦20 and ₦30 respectively, what is the consumer's optimal bundle of x and y?
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About This Question
This is Post Utme Crawford University 2019 Economics Question 12. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.
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