Post Utme Noun 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Noun Commerce examination.

Post Utme Noun 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_NOUN • 2024 • COMMERCE • objective

A consumer has a budget of ₦10,000 and a preference for two goods, X and Y. The prices of the goods are ₦2,000 and ₦3,000 respectively. Using the indifference curve analysis, what is the maximum quantity of good X that the consumer can buy?

Answer Options

A. 500 units
Correct Answer B. 750 units
C. 1,000 units
D. 1,500 units
Correct Answer
B
Correct Option:
750 units

About This Question

This is Post Utme Noun 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Noun Commerce examination.

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