Post Utme Mountain Top University 2024 Commerce Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2024 Commerce Objective / Multiple Choice
Question 24 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • COMMERCE • objective

A consumer is considering purchasing a product that costs ₦5,000. The consumer has a budget of ₦10,000 and is willing to spend up to 50% of their income on the product. What is the maximum amount the consumer is willing to pay for the product?

Answer Options

A. ₦2,500
Correct Answer B. ₦3,000
C. ₦4,000
D. ₦5,000
Correct Answer
B
Correct Option:
₦3,000

About This Question

This is Post Utme Mountain Top University 2024 Commerce Question 24. It is one of the objective questions from the 2024 Post Utme Mountain Top University Commerce examination.

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