Post Utme Joseph Ayo Babalola University 2017 Commerce Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2017 Commerce Objective / Multiple Choice
Question 13 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a budget of ₦1000 and a preference for two goods, A and B, with prices of ₦200 and ₦300, respectively. If the consumer's indifference curves are convex to the origin, what is the maximum amount of good A that the consumer can purchase?

Answer Options

A. 2
Correct Answer B. 3
C. 4
D. 5
Correct Answer
B
Correct Option:
3

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Commerce Question 13. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Commerce examination.

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