Post Utme Coal City University 2018 Commerce Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2018 Commerce Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • 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. If the consumer spends all their budget on the two goods, what is the maximum amount they can spend on good A?

Answer Options

A. ₦400
Correct Answer B. ₦500
C. ₦600
D. ₦700
Correct Answer
B
Correct Option:
₦500

About This Question

This is Post Utme Coal City University 2018 Commerce Question 12. It is one of the objective questions from the 2018 Post Utme Coal City University Commerce examination.

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