Post Utme Lautech 2024 Economics Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Lautech Economics examination.

Post Utme Lautech 2024 Economics Objective / Multiple Choice
Question 5 POST_UTME_LAUTECH • 2024 • ECONOMICS • objective

A consumer's budget constraint is given by the equation IY = 20 - 2Y. If the consumer's income is ₦100, what is the optimal level of consumption?

Answer Options

A. ₦40
Correct Answer B. ₦50
C. ₦60
D. ₦70
Correct Answer
B
Correct Option:
₦50

About This Question

This is Post Utme Lautech 2024 Economics Question 5. It is one of the objective questions from the 2024 Post Utme Lautech Economics examination.

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