Post Utme Ims U 2024 Commerce Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Ims U Commerce examination.

Post Utme Ims U 2024 Commerce Objective / Multiple Choice
Question 8 POST_UTME_IMS_U • 2024 • COMMERCE • objective

A consumer buys a product for ₦1,000 and sells it for ₦1,200. If the consumer's utility function is U(x) = 2x - 0.1x^2, where x is the quantity of the product consumed, what is the marginal utility of the product?

Answer Options

Correct Answer A. 2 - 0.2x
B. 2 + 0.2x
C. 2 - 0.1x
D. 2 + 0.1x
Correct Answer
A
Correct Option:
2 - 0.2x

About This Question

This is Post Utme Ims U 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Ims U Commerce examination.

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