Post Utme Greenfield University 2024 Commerce Question 9

Practice objective / multiple choice question 9 from the 2024 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2024 Commerce Objective / Multiple Choice
Question 9 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • COMMERCE • objective

A consumer has a budget of 100 and is considering purchasing two goods, A and B. The price of good A is 20 and the price of good B is 30. If the consumer's utility function is given by U = 2A + 3B, what is the maximum amount of utility the consumer can achieve?

Answer Options

A. 60
B. 80
Correct Answer C. 100
D. 120
Correct Answer
C
Correct Option:
100

About This Question

This is Post Utme Greenfield University 2024 Commerce Question 9. It is one of the objective questions from the 2024 Post Utme Greenfield University Commerce examination.

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