Post Utme Rsu 2021 Commerce Question 8

Practice objective / multiple choice question 8 from the 2021 Post Utme Rsu Commerce examination.

Post Utme Rsu 2021 Commerce Objective / Multiple Choice
Question 8 POST_UTME_RSU • 2021 • 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 budget constraint equation, find the consumer's optimal consumption bundle.

Answer Options

Correct Answer A. X = 2, Y = 1
B. X = 3, Y = 2
C. X = 4, Y = 3
D. X = 5, Y = 4
Correct Answer
A
Correct Option:
X = 2, Y = 1

About This Question

This is Post Utme Rsu 2021 Commerce Question 8. It is one of the objective questions from the 2021 Post Utme Rsu Commerce examination.

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