Post Utme Uniben 2021 Economics Question 33
Practice objective / multiple choice question 33 from the 2021 Post Utme Uniben Economics examination.
A consumer has a utility function given by U = 2x^0.5y^0.5, where x and y are the quantities of two goods consumed. The prices of the goods are ₦50 and ₦75 respectively. U\sing the concept of consumer behavior, determine the optimal quantities of the goods that the consumer should consume to maximize utility.
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About This Question
This is Post Utme Uniben 2021 Economics Question 33. It is one of the objective questions from the 2021 Post Utme Uniben Economics examination.
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