Post Utme Al Hikmah University 2017 Commerce Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2017 Commerce Objective / Multiple Choice
Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. What is the consumer's optimal bundle of goods?

Answer Options

A. 1 unit of A and 3 units of B
Correct Answer B. 2 units of A and 2 units of B
C. 3 units of A and 1 unit of B
D. 4 units of A and 0 units of B
Correct Answer
B
Correct Option:
2 units of A and 2 units of B

About This Question

This is Post Utme Al Hikmah University 2017 Commerce Question 37. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Commerce examination.

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