Post Utme Mountain Top University 2024 Economics Question 12
Practice objective / multiple choice question 12 from the 2024 Post Utme Mountain Top University Economics examination.
A consumer's utility function is given by U(x, y) = 2x^0.5y^0.5. If the consumer has a budget of ₦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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About This Question
This is Post Utme Mountain Top University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Mountain Top University Economics examination.
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