Post Utme Lautech 2025 Economics Question 38
Practice objective / multiple choice question 38 from the 2025 Post Utme Lautech Economics examination.
A consumer has the following utility function: U = 2x^0.5y^0.5. If the prices of x and y are $2 and $3 respectively, and the consumer has an income of $100, what is the optimal bundle of x and y that the consumer will choose?
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This is Post Utme Lautech 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Lautech Economics examination.
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