Post Utme Madonna University 2022 Economics Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2022 Economics Objective / Multiple Choice
Question 14 POST_UTME_MADONNA_UNIVERSITY • 2022 • ECONOMICS • objective

A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300 respectively. What is the consumer's budget constraint?

Answer Options

A. 2A + 3B = 1000
Correct Answer B. A + 2B = 1000
C. 2A + B = 1000
D. A + B = 1000
Correct Answer
B
Correct Option:
A + 2B = 1000

About This Question

This is Post Utme Madonna University 2022 Economics Question 14. It is one of the objective questions from the 2022 Post Utme Madonna University Economics examination.

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