Post Utme Redeemers University 2020 Commerce Question 23
Practice objective / multiple choice question 23 from the 2020 Post Utme Redeemers University Commerce examination.
A consumer has a utility function given by U = x^2 + 2y, where x and y are the quantities of two goods consumed. If the price of good x is ₦50 per unit and the price of good y is ₦100 per unit, and the consumer's income is ₦1000, what is the optimal bundle of goods?
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About This Question
This is Post Utme Redeemers University 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Redeemers University Commerce examination.
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