Post Utme Igbinedion University 2020 Economics Question 33
Practice objective / multiple choice question 33 from the 2020 Post Utme Igbinedion University Economics examination.
A consumer's indifference curve is given by the equation U = 2x^0.5y^0.5, where U is the level of utility, x is the quantity of good X consumed, and y is the quantity of good Y consumed. If the consumer's budget constraint is given by 2x + 3y = ₦10,000,000, what is the consumer's optimal consumption bundle?
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This is Post Utme Igbinedion University 2020 Economics Question 33. It is one of the objective questions from the 2020 Post Utme Igbinedion University Economics examination.
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