Post Utme Greenfield University 2024 Commerce Question 15
Practice objective / multiple choice question 15 from the 2024 Post Utme Greenfield University Commerce examination.
A consumer has an income of ₦10,000 and faces the following prices for two goods: good X costs ₦2,000 per unit and good Y costs ₦1,500 per unit. The consumer's indifference curves are given by the equation U = 2X^0.5Y^0.5. What is the consumer's optimal bundle of goods X and Y?
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This is Post Utme Greenfield University 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.
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