Post Utme Nile University 2023 Economics Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Nile University Economics examination.

Post Utme Nile University 2023 Economics Objective / Multiple Choice

Question 4 POST_UTME_NILE_UNIVERSITY • 2023 • ECONOMICS • objective

A consumer is faced with a budget constraint of ₦1000 and two goods, A and B. The prices of the goods are ₦200 and ₦300, respectively. What is the consumer's optimal bundle (x, y)?

Answer Options

A. x = 2, y = 1

Correct Answer B. x = 3, y = 2

C. x = 4, y = 3

D. x = 5, y = 4

Correct Answer

Correct Option:

x = 3, y = 2

About This Question

This is Post Utme Nile University 2023 Economics Question 4. It is one of the objective questions from the 2023 Post Utme Nile University Economics examination.

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