Post Utme Igbinedion University 2017 Economics Question 3
Practice objective / multiple choice question 3 from the 2017 Post Utme Igbinedion University Economics examination.
A consumer has a budget constraint of 100 units of currency and faces a price of 2 units of currency per unit of good X. If the consumer's utility function is given by U(X) = 2X^2, what is the optimal quantity of good X that the consumer will purchase?
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About This Question
This is Post Utme Igbinedion University 2017 Economics Question 3. It is one of the objective questions from the 2017 Post Utme Igbinedion University Economics examination.
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