Post Utme Christopher University 2024 Commerce Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2024 Commerce Objective / Multiple Choice

Question 2 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • COMMERCE • objective

A consumer has a budget of ₦10,000 and faces the following price schedule: ( P_A = 100 - 2Q_A ) and ( P_B = 150 - 3Q_B ). If the consumer's utility function is ( U = 2Q_A + 3Q_B ), what is the optimal bundle of goods A and B?

Answer Options

A. Q_A = 20, Q_B = 10

Correct Answer B. Q_A = 15, Q_B = 15

C. Q_A = 10, Q_B = 20

D. Q_A = 5, Q_B = 25

Correct Answer

Correct Option:

Q_A = 15, Q_B = 15

About This Question

This is Post Utme Christopher University 2024 Commerce Question 2. It is one of the objective questions from the 2024 Post Utme Christopher University Commerce examination.

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