Post Utme Afe Babalola University 2023 Commerce Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2023 Commerce Objective / Multiple Choice
Question 33 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A consumer has a budget of ₦1000 and is considering purchasing two goods, A and B. The price of good A is ₦200, and the price of good B is ₦300. If the consumer wants to spend exactly ₦1000, how many units of good A and good B should they purchase?

Answer Options

A. A = 2, B = 1
Correct Answer B. A = 3, B = 2
C. A = 4, B = 3
D. A = 5, B = 4
Correct Answer
B
Correct Option:
A = 3, B = 2

About This Question

This is Post Utme Afe Babalola University 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Commerce examination.

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