Post Utme Summit University 2017 Commerce Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

A consumer has a budget of ₦1000 and a preference for two goods, A and B. The prices of the goods are ₦200 and ₦300, respectively. If the consumer spends all of their budget, what is the consumer's optimal consumption bundle?

Answer Options

A. A = 2, B = 1
Correct Answer B. A = 1, B = 2
C. A = 3, B = 0
D. A = 0, B = 3
Correct Answer
B
Correct Option:
A = 1, B = 2

About This Question

This is Post Utme Summit University 2017 Commerce Question 13. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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