Post Utme Ims U 2022 Economics Question 27

Practice objective / multiple choice question 27 from the 2022 Post Utme Ims U Economics examination.

Post Utme Ims U 2022 Economics Objective / Multiple Choice
Question 27 POST_UTME_IMS_U • 2022 • ECONOMICS • objective

A firm's budget constraint is given by the equation 2x + 3y = 100. If the price of good x is ₦20 and the price of good y is ₦15, what is the maximum amount the firm can sp\end on good y?

Answer Options

A. ₦300
Correct Answer B. ₦375
C. ₦450
D. ₦525
Correct Answer
B
Correct Option:
₦375

About This Question

This is Post Utme Ims U 2022 Economics Question 27. It is one of the objective questions from the 2022 Post Utme Ims U Economics examination.

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