Post Utme Esut 2017 Economics Question 25

Practice objective / multiple choice question 25 from the 2017 Post Utme Esut Economics examination.

Post Utme Esut 2017 Economics Objective / Multiple Choice
Question 25 POST_UTME_ESUT • 2017 • ECONOMICS • objective

A consumer has a budget constraint of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. What is the consumer's optimal consumption bundle?

Answer Options

A. 1 unit of A and 2 units of B.
Correct Answer B. 2 units of A and 1 unit of B.
C. 3 units of A and 1 unit of B.
D. 1 unit of A and 3 units of B.
Correct Answer
B
Correct Option:
2 units of A and 1 unit of B.

About This Question

This is Post Utme Esut 2017 Economics Question 25. It is one of the objective questions from the 2017 Post Utme Esut Economics examination.

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