Post Utme Crawford University 2018 Commerce Question 28
Practice objective / multiple choice question 28 from the 2018 Post Utme Crawford University Commerce examination.
A consumer's budget constraint is given by P1X + P2Y = I, where P1 and P2 are the prices of the two goods, X and Y are the quantities consumed, and I is the consumer's income. If the consumer's income is ₦1000, the price of good X is ₦200, and the price of good Y is ₦300, what is the maximum amount of good Y the consumer can buy?
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About This Question
This is Post Utme Crawford University 2018 Commerce Question 28. It is one of the objective questions from the 2018 Post Utme Crawford University Commerce examination.
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