Post Utme Summit University 2025 Economics Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice
Question 29 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's budget constraint is given by 50x + 75y = 150. If the consumer's utility function is U = 2x^0.5y^0.5, calculate the consumer's optimal consumption bundle.

Answer Options

A. x = 2, y = 2
Correct Answer B. x = 3, y = 1
C. x = 1, y = 3
D. x = 2, y = 1
Correct Answer
B
Correct Option:
x = 3, y = 1

About This Question

This is Post Utme Summit University 2025 Economics Question 29. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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