Post Utme Madonna University 2023 Commerce Question 34
Practice objective / multiple choice question 34 from the 2023 Post Utme Madonna University Commerce examination.
A consumer's indifference curve is given by U = 2X^2 + 3Y^2, where U is the utility and X and Y are the quantities consumed. If the consumer's income is 100, and the prices of X and Y are 5 and 10 respectively, what is the optimal bundle of X and Y?
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This is Post Utme Madonna University 2023 Commerce Question 34. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.
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