Post Utme Oau 2017 Economics Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Oau Economics examination.

Post Utme Oau 2017 Economics Objective / Multiple Choice
Question 1 POST_UTME_OAU • 2017 • ECONOMICS • objective

Determine the marginal utility of income for a consumer who derives utility from consuming a good, given the utility function U(x) = 2x^0.5 - 3x^\( -0.5 \), where x is the quantity of the good consumed.

Answer Options

A. 1/x
B. 1/(2x)
Correct Answer C. 2/x^0.5
D. 3/x^0.5
Correct Answer
C
Correct Option:
2/x^0.5

About This Question

This is Post Utme Oau 2017 Economics Question 1. It is one of the objective questions from the 2017 Post Utme Oau Economics examination.

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