Post Utme Pan Atlantic University 2020 Economics Question 25
Practice objective / multiple choice question 25 from the 2020 Post Utme Pan Atlantic University Economics examination.
A government is considering a policy to reduce poverty. The government's budget constraint is given by B = 1000 + 2P, where B is the budget and P is the price of a particular good. The government's objective function is given by U = 2P + 3Q, where Q is the quantity of the good purchased. Find the price at which the government should allocate its budget.
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About This Question
This is Post Utme Pan Atlantic University 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Economics examination.
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