Post Utme Noun 2020 Commerce Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Noun Commerce examination.

Post Utme Noun 2020 Commerce Objective / Multiple Choice
Question 3 POST_UTME_NOUN • 2020 • COMMERCE • objective

A consumer has a budget of ₦1000 and faces the following prices: Q1 = ₦200, Q2 = ₦300, and Q3 = ₦400. If the consumer spends all their budget on Q1 and Q2, what is the maximum amount they can spend on Q3?

Answer Options

A. ₦100
Correct Answer B. ₦200
C. ₦300
D. ₦400
Correct Answer
B
Correct Option:
₦200

About This Question

This is Post Utme Noun 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Noun Commerce examination.

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