Post Utme Osustech 2023 Commerce Question 35
Practice objective / multiple choice question 35 from the 2023 Post Utme Osustech Commerce examination.
A consumer's indifference curve is given by the equation U = 2x^0.5y^0.5, where U is utility, x is quantity of good X and y is quantity of good Y. What is the marginal rate of substitution of good X for good Y?
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This is Post Utme Osustech 2023 Commerce Question 35. It is one of the objective questions from the 2023 Post Utme Osustech Commerce examination.
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