Post Utme Achievers University 2023 Economics Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Achievers University Economics examination.

Post Utme Achievers University 2023 Economics Objective / Multiple Choice
Question 24 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer's budget constraint is given by the equation I = 100 + 2Y, where I is income and Y is years of experience. If the consumer's income is 120 and years of experience is 5, what is the income?

Answer Options

A. 120
Correct Answer B. 140
C. 160
D. 180
Correct Answer
B
Correct Option:
140

About This Question

This is Post Utme Achievers University 2023 Economics Question 24. It is one of the objective questions from the 2023 Post Utme Achievers University Economics examination.

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