Post Utme Uniport 2018 Commerce Question 33
Practice objective / multiple choice question 33 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?
Answer Options
About This Question
This is Post Utme Uniport 2018 Commerce Question 33. It is one of the objective questions from the 2018 Post Utme Uniport Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.