Post Utme Joseph Ayo Babalola University 2020 Commerce Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

A consumer has a budget constraint of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. What is the consumer's optimal bundle of goods?

Answer Options

A. 1 unit of A and 2 units of B
Correct Answer B. 2 units of A and 1 unit of B
C. 3 units of A and 0 units of B
D. 0 units of A and 3 units of B
Correct Answer
B
Correct Option:
2 units of A and 1 unit of B

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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