Post Utme Joseph Ayo Babalola University 2024 Commerce Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 33 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

A consumer is considering purchasing a product that has a price of ₦5,000. The consumer has a budget of ₦10,000 and is willing to spend up to 50% of their budget on the product. What is the maximum amount the consumer is willing to pay for the product?

Answer Options

A. ₦2,500
B. ₦5,000
Correct Answer C. ₦7,500
D. ₦10,000
Correct Answer
C
Correct Option:
₦7,500

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 33. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

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