Post Utme Achievers University 2018 Economics Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2018 Economics Objective / Multiple Choice

Question 37 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer's utility function is given by ( u(x,y) = xy ). If the consumer's income is ₦1,000 and the prices of x and y are ₦5 and ₦10 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 100, y = 50

B. x = 150, y = 30

C. x = 200, y = 20

D. x = 250, y = 10

Correct Answer

N/A

About This Question

This is Post Utme Achievers University 2018 Economics Question 37. It is one of the objective questions from the 2018 Post Utme Achievers University Economics examination.

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