Post Utme Crawford University 2024 Economics Question 9
Practice objective / multiple choice question 9 from the 2024 Post Utme Crawford University Economics examination.
A consumer has an indifference curve given by the equation U = 2x^0.5y^0.5, where x is the quantity of good A and y is the quantity of good B. If the consumer's income is ₦1000 and the prices of good A and good B are ₦5 and ₦10 respectively, what is the consumer's optimal bundle of goods?
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This is Post Utme Crawford University 2024 Economics Question 9. It is one of the objective questions from the 2024 Post Utme Crawford University Economics examination.
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