Post Utme Unilag 2021 Economics Question 6
Practice objective / multiple choice question 6 from the 2021 Post Utme Unilag Economics examination.
A consumer's indifference curve is given by the equation ( u(x,y) = x^{0.5}y^{0.5} ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the consumer's optimal bundle of x and y.
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About This Question
This is Post Utme Unilag 2021 Economics Question 6. It is one of the objective questions from the 2021 Post Utme Unilag Economics examination.
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