Post Utme Oau 2022 Economics Question 28

Practice objective / multiple choice question 28 from the 2022 Post Utme Oau Economics examination.

Post Utme Oau 2022 Economics Objective / Multiple Choice

Question 28 POST_UTME_OAU • 2022 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces the following prices: Q1 = 5x + 2y, Q2 = 3x - 2y. If the consumer chooses to sp\end 60% of their budget on Q1 and 40% on Q2, what is the optimal bundle of Q1 and Q2?

A. Q1 = 200, Q2 = 400

Correct Answer B. Q1 = 300, Q2 = 300

C. Q1 = 400, Q2 = 200

D. Q1 = 500, Q2 = 100

Correct Answer

Correct Option:

Q1 = 300, Q2 = 300

This is Post Utme Oau 2022 Economics Question 28. It is one of the objective questions from the 2022 Post Utme Oau Economics examination.

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