Post Utme Eksu 2017 Commerce Question 15

Practice objective / multiple choice question 15 from the 2017 Post Utme Eksu Commerce examination.

Post Utme Eksu 2017 Commerce Objective / Multiple Choice
Question 15 POST_UTME_EKSU • 2017 • COMMERCE • objective

A consumer has a utility function given by U = 2x + 3y, where x and y are the quantities of two goods consumed. If the prices of the goods are ₦200 and ₦300 respectively, and the consumer spends all their budget on good A, how much will they have left over to spend on good B?

Answer Options

A. ₦200
B. ₦300
C. ₦400
Correct Answer D. ₦500
Correct Answer
D
Correct Option:
₦500

About This Question

This is Post Utme Eksu 2017 Commerce Question 15. It is one of the objective questions from the 2017 Post Utme Eksu Commerce examination.

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