Post Utme Achievers University 2022 Economics Question 18
Practice objective / multiple choice question 18 from the 2022 Post Utme Achievers University Economics examination.
A consumer's budget constraint is given by P1Q1 + P2Q2 = I, where P1 and P2 are the prices of two goods, Q1 and Q2 are the quantities consumed, and I is the consumer's income. If the consumer's income is ₦1000, and the prices of the two goods are ₦5 and ₦10 respectively, find the maximum quantity of good 2 that the consumer can afford.
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About This Question
This is Post Utme Achievers University 2022 Economics Question 18. It is one of the objective questions from the 2022 Post Utme Achievers University Economics examination.
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