Post Utme Covenant University 2025 Economics Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 16 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

A consumer is faced with a budget constraint of ₦100. The consumer's indifference curve is downward-sloping. What is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. The consumer will choose the bundle with the highest utility
B. The consumer will choose the bundle with the lowest price
C. The consumer will choose the bundle with the highest quantity
D. The consumer will choose the bundle with the lowest quantity
Correct Answer
A
Correct Option:
The consumer will choose the bundle with the highest utility

About This Question

This is Post Utme Covenant University 2025 Economics Question 16. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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