Post Utme Afe Babalola University 2024 Economics Question 22

Practice objective / multiple choice question 22 from the 2024 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2024 Economics Objective / Multiple Choice
Question 22 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by the equation: \( Y = 120 - 2x \), where ( Y ) is the consumer's income and ( x ) is the amount spent on a particular good. If the consumer's income is $120, what is the maximum amount that can be spent on the good?

Answer Options

A. 30
Correct Answer B. 60
C. 90
D. 120
Correct Answer
B
Correct Option:
60

About This Question

This is Post Utme Afe Babalola University 2024 Economics Question 22. It is one of the objective questions from the 2024 Post Utme Afe Babalola University Economics examination.

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