Post Utme Futo 2021 Economics Question 23

Practice objective / multiple choice question 23 from the 2021 Post Utme Futo Economics examination.

Post Utme Futo 2021 Economics Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2021 • ECONOMICS • objective

A consumer has a budget of ₦100 and faces a price of ₦10 per unit of a good. If the consumer's utility function is U(x) = 2x^2, what is the optimal quantity to consume?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Futo 2021 Economics Question 23. It is one of the objective questions from the 2021 Post Utme Futo Economics examination.

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