Post Utme Afe Babalola University 2018 Economics Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2018 Economics Objective / Multiple Choice
Question 5 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • ECONOMICS • objective

A consumer has a budget constraint given by the equation I = 100 - 2C, where I is the income and C is the consumption. If the consumer's income is ₦100, what is the maximum amount of consumption?

Answer Options

Correct Answer A. ₦50
B. ₦60
C. ₦70
D. ₦80
Correct Answer
A
Correct Option:
₦50

About This Question

This is Post Utme Afe Babalola University 2018 Economics Question 5. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Economics examination.

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