Post Utme Ims U 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A consumer has a utility function given by U = 2A + 3B. If the prices of A and B are 10 and 20 respectively, and the consumer spends all their budget on good A, what is the maximum amount they can spend on good B?

Answer Options

A. 20
Correct Answer B. 30
C. 40
D. 50
Correct Answer
B
Correct Option:
30

About This Question

This is Post Utme Ims U 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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