Post Utme Osustech 2020 Economics Question 30
Practice objective / multiple choice question 30 from the 2020 Post Utme Osustech 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 ₦10 and ₦20 respectively, what is the consumer's optimal bundle of goods?
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About This Question
This is Post Utme Osustech 2020 Economics Question 30. It is one of the objective questions from the 2020 Post Utme Osustech Economics examination.
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