Post Utme Lautech 2018 Commerce Question 15
Practice objective / multiple choice question 15 from the 2018 Post Utme Lautech Commerce examination.
A consumer has a budget of ₦1000 and wants to buy two goods, X and Y. The prices of the goods are ₦200 and ₦300 respectively. If the consumer's indifference curve is given by U = 2X^0.5Y^0.5, and the consumer is indifferent between the following two bundles, what is the price of good X?
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About This Question
This is Post Utme Lautech 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.
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