Post Utme Bowen University 2024 Economics Question 23

Practice objective / multiple choice question 23 from the 2024 Post Utme Bowen University Economics examination.

Post Utme Bowen University 2024 Economics Objective / Multiple Choice

Question 23 POST_UTME_BOWEN_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer has an indifference curve given by U(x, y) = 2x^0.5y^0.5. If the price of x is ₦50 and the price of y is ₦100, what is the optimal bundle of x and y?

Answer Options

Correct Answer A. x = 10, y = 5

B. x = 5, y = 10

C. x = 20, y = 2

D. x = 2, y = 20

Correct Answer

Correct Option:

x = 10, y = 5

About This Question

This is Post Utme Bowen University 2024 Economics Question 23. It is one of the objective questions from the 2024 Post Utme Bowen University Economics examination.

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