Post Utme Lautech 2020 Economics Question 26
Practice objective / multiple choice question 26 from the 2020 Post Utme Lautech Economics examination.
A consumer's indifference curve is given by the equation ( u(x,y) = \sqrt{x} + \sqrt{y} ). If the consumer's income is ₦1000, and the prices of x and y are ₦5 and ₦3 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Lautech 2020 Economics Question 26. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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