Post Utme Aaua 2024 Economics Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Aaua Economics examination.

Post Utme Aaua 2024 Economics Objective / Multiple Choice
Question 28 POST_UTME_AAUA • 2024 • ECONOMICS • objective

The utility function of a consumer is given by ( U(x, y) = \sqrt{x} + \sqrt{y} ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the optimal bundle of x and y.

Answer Options

A. x = 100, y = 0
Correct Answer B. x = 80, y = 20
C. x = 60, y = 40
D. x = 40, y = 60
Correct Answer
B
Correct Option:
x = 80, y = 20

About This Question

This is Post Utme Aaua 2024 Economics Question 28. It is one of the objective questions from the 2024 Post Utme Aaua Economics examination.

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