Post Utme Uniosun 2017 Economics Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2017 Economics Objective / Multiple Choice
Question 34 POST_UTME_UNIOSUN • 2017 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces a price of ₦200 for a good. If the consumer's utility function is given by U(x) = 2x, what is the consumer's optimal quantity?

Answer Options

Correct Answer A. x = 2
B. x = 3
C. x = 4
D. x = 5
Correct Answer
A
Correct Option:
x = 2

About This Question

This is Post Utme Uniosun 2017 Economics Question 34. It is one of the objective questions from the 2017 Post Utme Uniosun Economics examination.

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