Post Utme Uniport 2018 Commerce Question 29
Practice objective / multiple choice question 29 from the 2018 Post Utme Uniport Commerce examination.
A consumer's utility function is given by U = x^(1/2) + y^(1/2), where x and y are the quantities of two goods. If the consumer's income is ₦1000 and the prices of the two goods are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?
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About This Question
This is Post Utme Uniport 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.
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