Post Utme Noun 2019 Economics Question 19
Practice objective / multiple choice question 19 from the 2019 Post Utme Noun Economics examination.
A consumer's budget constraint is given by P1Q1 + P2Q2 = I, where P1 and P2 are the prices of two goods, Q1 and Q2 are the quantities of the two goods, and I is the income. If the consumer's income is ₦100, the price of good 1 is ₦10, and the price of good 2 is ₦20, what is the maximum quantity of good 1 that the consumer can buy?
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About This Question
This is Post Utme Noun 2019 Economics Question 19. It is one of the objective questions from the 2019 Post Utme Noun Economics examination.
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