Post Utme Crawford University 2022 Commerce Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Crawford University Commerce examination.

Post Utme Crawford University 2022 Commerce Objective / Multiple Choice
Question 8 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • COMMERCE • objective

A consumer has a budget constraint of ₦10,000 and a preference for two goods, A and B. The prices of the goods are ₦5,000 and ₦3,000, respectively. Using the budget constraint and indifference curves, determine the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. A = 2 units, B = 1 unit
B. A = 1 unit, B = 2 units
C. A = 3 units, B = 0 units
D. A = 0 units, B = 3 units
Correct Answer
A
Correct Option:
A = 2 units, B = 1 unit

About This Question

This is Post Utme Crawford University 2022 Commerce Question 8. It is one of the objective questions from the 2022 Post Utme Crawford University Commerce examination.

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