Post Utme Bsu 2019 Economics Question 1

Practice objective / multiple choice question 1 from the 2019 Post Utme Bsu Economics examination.

Post Utme Bsu 2019 Economics Objective / Multiple Choice

Question 1 POST_UTME_BSU • 2019 • ECONOMICS • objective

A consumer's utility function is given by ( U(x,y) = 10\sqrt{x} + 5\sqrt{y} ). If the consumer's income is ₦1000 and the prices of x and y are ₦5 and ₦10 respectively, find the optimal bundle of x and y.

A. x = 100, y = 0

Correct Answer B. x = 50, y = 50

C. x = 0, y = 100

D. x = 200, y = 0

Correct Answer

Correct Option:

x = 50, y = 50

This is Post Utme Bsu 2019 Economics Question 1. It is one of the objective questions from the 2019 Post Utme Bsu Economics examination.

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