Post Utme Uniben 2018 Economics Question 22
Practice objective / multiple choice question 22 from the 2018 Post Utme Uniben Economics examination.
A consumer's utility function is given by U = 2x^0.5y^0.5. If the price of good x is ₦50 per unit and the price of good y is ₦75 per unit, and the consumer's budget is ₦1,000, find the optimal bundle of goods x and y that maximizes the consumer's utility.
Answer Options
About This Question
This is Post Utme Uniben 2018 Economics Question 22. It is one of the objective questions from the 2018 Post Utme Uniben Economics examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.