Post Utme Eksu 2023 Economics Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Eksu Economics examination.

Post Utme Eksu 2023 Economics Objective / Multiple Choice

Question 23 POST_UTME_EKSU • 2023 • ECONOMICS • objective

A consumer has the following utility function: U = 2x^0.5y^0.5. If the prices of x and y are $5 and $10 respectively, and the consumer has an income of $100, what is the consumer's optimal bundle of x and y?

Correct Answer A. x = 4, y = 2

B. x = 2, y = 4

C. x = 1, y = 5

D. x = 5, y = 1

Correct Answer

Correct Option:

x = 4, y = 2

This is Post Utme Eksu 2023 Economics Question 23. It is one of the objective questions from the 2023 Post Utme Eksu Economics examination.

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