Post Utme Lautech 2018 Commerce Question 17
Practice objective / multiple choice question 17 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, what is the optimal combination of X and Y?
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About This Question
This is Post Utme Lautech 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Lautech Commerce examination.
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