Post Utme Ui 2019 Economics Question 23
Practice objective / multiple choice question 23 from the 2019 Post Utme Ui Economics examination.
A consumer has a budget of ₦1000 to sp\end on two goods, X and Y. The price of good X is ₦200 and the price of good Y is ₦300. The consumer's indifference curves are given by the equation U = 2X^0.5Y^0.5, where U is the level of utility. If the consumer is currently consuming 2 units of good X and 1 unit of good Y, what is the maximum amount of good Y the consumer can buy?
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About This Question
This is Post Utme Ui 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Ui Economics examination.
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