Post Utme Coal City University 2024 Economics Question 41

Practice objective / multiple choice question 41 from the 2024 Post Utme Coal City University Economics examination.

Post Utme Coal City University 2024 Economics Objective / Multiple Choice
Question 41 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's utility function is given by U = 2x^0.5y^0.5, where x and y are the quantities of two goods. If the consumer's current consumption of good x is 4 units and the price of good y is ₦10, what is the marginal utility of good x?

Answer Options

Correct Answer A. 1
B. 2
C. 3
D. 4
Correct Answer
A
Correct Option:
1

About This Question

This is Post Utme Coal City University 2024 Economics Question 41. It is one of the objective questions from the 2024 Post Utme Coal City University Economics examination.

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