Post Utme Uniosun 2018 Commerce Question 10
Practice objective / multiple choice question 10 from the 2018 Post Utme Uniosun Commerce examination.
A consumer's utility function is given by U = 2X^0.5 + 3Y^0.5. If the consumer's budget constraint is 100 units of currency and the prices of goods X and Y are 5 units of currency and 10 units of currency respectively, what is the consumer's optimal quantity of good X?
Answer Options
About This Question
This is Post Utme Uniosun 2018 Commerce Question 10. It is one of the objective questions from the 2018 Post Utme Uniosun Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.