Post Utme Summit University 2025 Economics Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Summit University Economics examination.

Post Utme Summit University 2025 Economics Objective / Multiple Choice

Question 31 POST_UTME_SUMMIT_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer's utility function is given by U = 2x^0.5y^0.5. If the price of good x is ₦50 per unit and the price of good y is ₦75 per unit, calculate the consumer's indifference curve.

Answer Options

A. U = 2x + 2y

B. U = x^2 + y^2

Correct Answer C. U = 2x^0.5y^0.5

D. U = x + y

Correct Answer

Correct Option:

U = 2x^0.5y^0.5

About This Question

This is Post Utme Summit University 2025 Economics Question 31. It is one of the objective questions from the 2025 Post Utme Summit University Economics examination.

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