Post Utme Al Hikmah University 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Al Hikmah University Economics examination.

Post Utme Al Hikmah University 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer has a utility function U(x, y) = 2x^0.5y^0.5. U\sing the indifference curve approach, find the consumer's budget constraint and the optimal bundle of x and y.

Answer Options

Correct Answer A. Budget constraint: 2x + 3y = 12, Optimal bundle: (4, 4)
B. Budget constraint: 2x + 3y = 12, Optimal bundle: (6, 2)
C. Budget constraint: 2x + 3y = 12, Optimal bundle: (8, 1)
D. Budget constraint: 2x + 3y = 12, Optimal bundle: (10, 0)
Correct Answer
A
Correct Option:
Budget constraint: 2x + 3y = 12, Optimal bundle: (4, 4)

About This Question

This is Post Utme Al Hikmah University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Economics examination.

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