Post Utme Futo 2022 Commerce Question 29

Practice objective / multiple choice question 29 from the 2022 Post Utme Futo Commerce examination.

Post Utme Futo 2022 Commerce Objective / Multiple Choice
Question 29 POST_UTME_FUTO • 2022 • COMMERCE • objective

A consumer is considering purchasing a product that has a price of ₦10,000. The consumer's budget constraint is such that they can spend up to ₦15,000 per month. If the consumer's income is ₦20,000 per month, what is the maximum amount they can afford to spend on the product?

Answer Options

A. ₦10,000
Correct Answer B. ₦12,500
C. ₦15,000
D. ₦17,500
Correct Answer
B
Correct Option:
₦12,500

About This Question

This is Post Utme Futo 2022 Commerce Question 29. It is one of the objective questions from the 2022 Post Utme Futo Commerce examination.

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