Post Utme Babcock University 2018 Commerce Question 17

Practice objective / multiple choice question 17 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 17 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A consumer has an income of ₦100,000 and faces the following budget constraint: 2x + 3y = 100,000. The consumer's utility function is given by u(x, y) = 2√xy. Find the consumer's optimal consumption bundle.

Answer Options

A. x = 10,000, y = 20,000
B. x = 15,000, y = 25,000
Correct Answer C. x = 20,000, y = 30,000
D. x = 25,000, y = 35,000
Correct Answer
C
Correct Option:
x = 20,000, y = 30,000

About This Question

This is Post Utme Babcock University 2018 Commerce Question 17. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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