Post Utme Babcock University 2025 Economics Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2025 Economics Objective / Multiple Choice
Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's budget constraint is given by \( 5x + 10y = 100 \), where ( x ) is the quantity of good A and ( y ) is the quantity of good B. The consumer's utility function is given by \( U = 2x^0.5y^0.5 \). What is the consumer's optimal bundle of goods?

Answer Options

A. (10, 10)
Correct Answer B. (15, 5)
C. (20, 0)
D. (0, 20)
Correct Answer
B
Correct Option:
(15, 5)

About This Question

This is Post Utme Babcock University 2025 Economics Question 19. It is one of the objective questions from the 2025 Post Utme Babcock University Economics examination.

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