Post Utme Babcock University 2020 Commerce Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2020 Commerce Objective / Multiple Choice
Question 37 POST_UTME_BABCOCK_UNIVERSITY • 2020 • 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. Using the budget constraint, find the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. A = 2, B = 1
B. A = 1, B = 2
C. A = 3, B = 0
D. A = 0, B = 3
Correct Answer
A
Correct Option:
A = 2, B = 1

About This Question

This is Post Utme Babcock University 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Babcock University Commerce examination.

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