Post Utme Esut 2022 Economics Question 4
Practice objective / multiple choice question 4 from the 2022 Post Utme Esut Economics examination.
A consumer has a utility function given by U = 2x^0.5y^0.5, where x is the quantity of good X and y is the quantity of good Y. If the prices of good X and good Y are ₦5 and ₦3 respectively, and the consumer's income is ₦100, what is the optimal bundle of goods?
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About This Question
This is Post Utme Esut 2022 Economics Question 4. It is one of the objective questions from the 2022 Post Utme Esut Economics examination.
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