Post Utme Coal City University 2024 Commerce Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2024 Commerce Objective / Multiple Choice
Question 8 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A consumer has a budget constraint of 100 and a preference for two goods, X and Y. The prices of X and Y are 5 and 10 respectively. If the consumer spends all their budget on X, what is the maximum amount they can spend on Y?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

This is Post Utme Coal City University 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Coal City University Commerce examination.

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