Post Utme Greenfield University 2017 Commerce Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2017 Commerce Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a budget of ₦500 and faces the following prices: good X = ₦100, good Y = ₦200. If the consumer's indifference curves are given by U = X^0.5Y^0.5, how many units of good X will the consumer buy?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2017 Commerce Question 20. It is one of the objective questions from the 2017 Post Utme Greenfield University Commerce examination.

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