Post Utme Uniosun 2019 Economics Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Uniosun Economics examination.

Post Utme Uniosun 2019 Economics Objective / Multiple Choice
Question 23 POST_UTME_UNIOSUN • 2019 • ECONOMICS • objective

A consumer has a utility function given by U(x, y) = 2x^0.5y^0.5. If the consumer's income is 100 and the prices of x and y are 2 and 3 respectively, what is the consumer's optimal bundle?

Answer Options

A. x = 10, y = 20
B. x = 20, y = 10
Correct Answer C. x = 15, y = 15
D. x = 5, y = 25
Correct Answer
C
Correct Option:
x = 15, y = 15

About This Question

This is Post Utme Uniosun 2019 Economics Question 23. It is one of the objective questions from the 2019 Post Utme Uniosun Economics examination.

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