Post Utme Covenant University 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_COVENANT_UNIVERSITY • 2024 • COMMERCE • objective

A consumer's indifference curves are given by the equation ( U = 2A + 3B ). The prices of the goods are ₦200 and ₦300 respectively. The consumer's budget is ₦1000. Find the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. A = 2, B = 1
B. A = 1, B = 2
C. A = 3, B = 1
D. A = 1, B = 3
Correct Answer
A
Correct Option:
A = 2, B = 1

About This Question

This is Post Utme Covenant University 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Covenant University Commerce examination.

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