Post Utme Noun 2024 Economics Question 37
Practice objective / multiple choice question 37 from the 2024 Post Utme Noun Economics examination.
A consumer's utility function is given by U = 2x^0.5y^0.5, where x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10, respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Noun 2024 Economics Question 37. It is one of the objective questions from the 2024 Post Utme Noun Economics examination.
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