Post Utme Eksu 2018 Commerce Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice
Question 13 POST_UTME_EKSU • 2018 • COMMERCE • objective

A consumer has a budget of ₦1000 and faces the following prices: Q1 = ₦200, Q2 = ₦300, Q3 = ₦400. Using the budget constraint, find the consumer's optimal bundle of goods.

Answer Options

Correct Answer A. (Q1 = 2, Q2 = 1, Q3 = 0)
B. (Q1 = 1, Q2 = 2, Q3 = 0)
C. (Q1 = 0, Q2 = 1, Q3 = 2)
D. (Q1 = 2, Q2 = 0, Q3 = 1)
Correct Answer
A
Correct Option:
(Q1 = 2, Q2 = 1, Q3 = 0)

About This Question

This is Post Utme Eksu 2018 Commerce Question 13. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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