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MEcon Master of Economics VIP Certification Exam
MEcon Master of Economics — The MEcon (Master of Economics) is a postgraduate academic credential rather than a single standardized licensure exam; this is an original comprehensive practice set designed to mirror the breadth and rigor of master's-level economics qualifying examinations as administered by leading graduate programs, covering microeconomics, macroeconomics, econometrics, international economics, public finance, and financial economics.
51
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 51👑 VIP
A consumer has a utility function U(x, y) = x^0.5 * y^0.5 and faces prices Px = $4 and Py = $1 with income I = $100. Using the Lagrangian method, what is the optimal quantity of good x the consumer should purchase?
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