Post Utme Elizade University 2024 Economics Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Elizade University Economics examination.

Post Utme Elizade University 2024 Economics Objective / Multiple Choice
Question 24 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a budget constraint given by 2Q + 3I = 100. If the firm's output (Q) increases by 20% and its investment (I) increases by 15%, what is the new budget constraint?

Answer Options

A. 2Q + 3I = 120
B. 2Q + 3I = 130
Correct Answer C. 2Q + 3I = 140
D. 2Q + 3I = 150
Correct Answer
C
Correct Option:
2Q + 3I = 140

About This Question

This is Post Utme Elizade University 2024 Economics Question 24. It is one of the objective questions from the 2024 Post Utme Elizade University Economics examination.

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