Post Utme Skyline University 2023 Commerce Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2023 Commerce Objective / Multiple Choice
Question 3 POST_UTME_SKYLINE_UNIVERSITY • 2023 • COMMERCE • objective

A consumer is faced with a choice between two goods: a smartphone and a laptop. The consumer's budget is ₦50,000. The smartphone costs ₦30,000, and the laptop costs ₦20,000. Using the concept of indifference curves, what is the consumer's optimal choice?

Answer Options

A. The consumer will choose the smartphone.
Correct Answer B. The consumer will choose the laptop.
C. The consumer will choose both the smartphone and the laptop.
D. The consumer will choose neither the smartphone nor the laptop.
Correct Answer
B
Correct Option:
The consumer will choose the laptop.

About This Question

This is Post Utme Skyline University 2023 Commerce Question 3. It is one of the objective questions from the 2023 Post Utme Skyline University Commerce examination.

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