Post Utme Christopher University 2017 Commerce Question 4

Practice objective / multiple choice question 4 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 4 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's budget constraint is given by P1X1 + P2X2 = I. What is the consumer's optimal bundle of goods (X1, X2) when P1 = 10, P2 = 20, and I = 200?

Answer Options

Correct Answer A. (10, 10)
B. (20, 10)
C. (10, 20)
D. (20, 20)
Correct Answer
A
Correct Option:
(10, 10)

About This Question

This is Post Utme Christopher University 2017 Commerce Question 4. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

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