Post Utme Joseph Ayo Babalola University 2020 Commerce Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 3 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 goods A and B are ₦200 and ₦300 respectively. What is the consumer's optimal bundle of goods?

Answer Options

Correct Answer A. (A = 2, B = 3)
B. (A = 3, B = 2)
C. (A = 4, B = 1)
D. (A = 1, B = 4)
Correct Answer
A
Correct Option:
(A = 2, B = 3)

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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