Post Utme Joseph Ayo Babalola University 2022 Commerce Question 19
Practice objective / multiple choice question 19 from the 2022 Post Utme Joseph Ayo Babalola University Commerce examination.
A consumer has a utility function given by U = 2x^0.5y^0.5, where x is the quantity of good A and y is the quantity of good B. The prices of A and B are 5 and 3 respectively. If the consumer's income is 1000, what is the consumer's optimal bundle?
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This is Post Utme Joseph Ayo Babalola University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Commerce examination.
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