Post Utme Ksu 2020 Economics Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice

Question 34 POST_UTME_KSU • 2020 • ECONOMICS • objective

A consumer has a budget constraint of ₦1,000 and a preference for two goods, A and B. The prices of A and B are ₦500 and ₦200 respectively. What is the consumer's optimal bundle of goods?

A. A = 2, B = 0

B. A = 1, B = 2

C. A = 0, B = 5

Correct Answer D. A = 1, B = 1

Correct Answer

Correct Option:

A = 1, B = 1

This is Post Utme Ksu 2020 Economics Question 34. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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