Post Utme Redeemers University 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • COMMERCE • objective

A consumer's budget constraint is given by the equation 2x + 3y = 100. If the consumer's income is ₦100, and the prices of good x and good y are ₦5 and ₦10 respectively, how many units of good x should the consumer buy?

Answer Options

A. 10
Correct Answer B. 20
C. 30
D. 40
Correct Answer
B
Correct Option:
20

About This Question

This is Post Utme Redeemers University 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Redeemers University Commerce examination.

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