Post Utme Lead City University 2019 Economics Question 15
Practice objective / multiple choice question 15 from the 2019 Post Utme Lead City University Economics examination.
A consumer has a utility function U = x^2 + 2y^2, where x and y are the quantities of two goods consumed. If the prices of the goods are $2 and $4 respectively, and the consumer has a budget of $20, what is the optimal bundle of goods to consume?
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About This Question
This is Post Utme Lead City University 2019 Economics Question 15. It is one of the objective questions from the 2019 Post Utme Lead City University Economics examination.
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