Post Utme Esut 2018 Economics Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Esut Economics examination.

Post Utme Esut 2018 Economics Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2018 • ECONOMICS • objective

A consumer's indifference curve is represented by the equation ( u(x,y) = \sqrt{x^2 + y^2} ). If the consumer's income is ₦1000 and the price of good x is ₦5, what is the maximum quantity of good x that the consumer can afford?

Answer Options

A. 200 units
Correct Answer B. 250 units
C. 300 units
D. 350 units
Correct Answer
B
Correct Option:
250 units

About This Question

This is Post Utme Esut 2018 Economics Question 31. It is one of the objective questions from the 2018 Post Utme Esut Economics examination.

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