Post Utme Joseph Ayo Babalola University 2022 Commerce Question 17
Practice objective / multiple choice question 17 from the 2022 Post Utme Joseph Ayo Babalola University Commerce examination.
A consumer has a budget constraint of 1000, with two goods, A and B. The prices of A and B are 5 and 3 respectively. If the consumer's indifference curve is given by U = 2x^0.5y^0.5, where x is the quantity of A and y is the quantity of B, what is the consumer's optimal bundle?
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This is Post Utme Joseph Ayo Babalola University 2022 Commerce Question 17. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Commerce examination.
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