Post Utme Covenant University 2025 Economics Question 7

Practice objective / multiple choice question 7 from the 2025 Post Utme Covenant University Economics examination.

Post Utme Covenant University 2025 Economics Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2025 • ECONOMICS • objective

The government of a country has a budget of ₦500 billion to sp\end on healthcare and education. If the marginal benefit of healthcare is ₦10 billion and the marginal benefit of education is ₦8 billion, how much should the government sp\end on healthcare and education respectively?

Answer Options

Correct Answer A. Healthcare: ₦300 billion, Education: ₦200 billion
B. Healthcare: ₦200 billion, Education: ₦300 billion
C. Healthcare: ₦250 billion, Education: ₦250 billion
D. Healthcare: ₦400 billion, Education: ₦100 billion
Correct Answer
A
Correct Option:
Healthcare: ₦300 billion, Education: ₦200 billion

About This Question

This is Post Utme Covenant University 2025 Economics Question 7. It is one of the objective questions from the 2025 Post Utme Covenant University Economics examination.

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