Post Utme Rhema University 2017 Economics Question 8

Practice objective / multiple choice question 8 from the 2017 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2017 Economics Objective / Multiple Choice
Question 8 POST_UTME_RHEMA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer has a budget of ₦1000 and faces the following prices: Q1 = ₦10, Q2 = ₦20, Q3 = ₦30. Find the consumer's optimal bundle.

Answer Options

A. Q1 = 100 units, Q2 = 50 units, Q3 = 0 units
Correct Answer B. Q1 = 50 units, Q2 = 75 units, Q3 = 25 units
C. Q1 = 0 units, Q2 = 50 units, Q3 = 100 units
D. Q1 = 75 units, Q2 = 25 units, Q3 = 50 units
Correct Answer
B
Correct Option:
Q1 = 50 units, Q2 = 75 units, Q3 = 25 units

About This Question

This is Post Utme Rhema University 2017 Economics Question 8. It is one of the objective questions from the 2017 Post Utme Rhema University Economics examination.

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