Post Utme Bsu 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Bsu Commerce examination.

Post Utme Bsu 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_BSU • 2024 • COMMERCE • objective

A consumer has a utility function U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the goods are ₦200 and ₦300 respectively, and the consumer spends all their budget of ₦1000 on the two goods, what is the quantity of good B consumed?

Answer Options

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

About This Question

This is Post Utme Bsu 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Bsu Commerce examination.

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