Post Utme Christopher University 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Christopher University Economics examination.

Post Utme Christopher University 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_CHRISTOPHER_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces a price of ₦200 for a commodity. If the consumer's utility function is given by U(x) = 2x, what is the consumer's optimal consumption bundle?

Answer Options

Correct Answer A. x = 2
B. x = 3
C. x = 4
D. x = 5
Correct Answer
A
Correct Option:
x = 2

About This Question

This is Post Utme Christopher University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Christopher University Economics examination.

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