Post Utme Lautech 2020 Economics Question 37
Practice objective / multiple choice question 37 from the 2020 Post Utme Lautech Economics examination.
A consumer's budget constraint is given by P1X + P2Y = I, where P1 and P2 are prices of two goods, X and Y are quantities consumed, and I is income. If the consumer's income is ₦1000, the price of good X is ₦5, and the price of good Y is ₦10, what is the maximum quantity of good Y that the consumer can buy?
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About This Question
This is Post Utme Lautech 2020 Economics Question 37. It is one of the objective questions from the 2020 Post Utme Lautech Economics examination.
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