Post Utme Aaua 2025 Economics Question 22

Practice objective / multiple choice question 22 from the 2025 Post Utme Aaua Economics examination.

Post Utme Aaua 2025 Economics Objective / Multiple Choice
Question 22 POST_UTME_AAUA • 2025 • ECONOMICS • objective

A consumer's utility function is given by U(x, y) = 2x^0.5y^0.5. If the consumer has a budget of ₦100 and the prices of x and y are ₦20 and ₦30 respectively, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. (2, 2)
B. (3, 1)
C. (1, 3)
D. (4, 0)
Correct Answer
A
Correct Option:
(2, 2)

About This Question

This is Post Utme Aaua 2025 Economics Question 22. It is one of the objective questions from the 2025 Post Utme Aaua Economics examination.

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