Post Utme Lasu 2023 Commerce Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Lasu Commerce examination.

Post Utme Lasu 2023 Commerce Objective / Multiple Choice
Question 30 POST_UTME_LASU • 2023 • COMMERCE • objective

A firm has a budget constraint of 1000, with two goods, X and Y. The price of good X is 5, and the price of good Y is 10. If the firm chooses to consume 20 units of good X, how much will it spend on good X?

Answer Options

A. 100
Correct Answer B. 200
C. 300
D. 400
Correct Answer
B
Correct Option:
200

About This Question

This is Post Utme Lasu 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Lasu Commerce examination.

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